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Queensbay Mall

Located in Bayan Lepas – the heart of the high-tech Free Industrial Zone along the southeastern shorefront of Penang island, Queensbay Mall is easily accessible given its location which enjoys close proximity to two bridge connections (Penang Bridge and Sultan Abdul Halim Muadzam Shah Bridge) as well as the Penang International Airport. It is a free-standing eight-storey shopping centre with a lower ground floor and a lower ground mezzanine comprising five floors of retail space and car parks.

As one of the largest shopping malls on Penang island, Queensbay Mall houses international and home-grown brands including fashion, lifestyle, dining, entertainment, sports, electronics, home furnishing and a department store.

Please visit www.queensbaymallmalaysia.com for more information.

Property Information

Tenure

Freehold
Independent valuation⁽¹⁾

RM1,081.40 million
Acquisition Price

RM990.50 million
Gross floor area⁽²⁾

927,171 sq ft

(CLMT's interest in Queensbay Mall comprises approximately 91.8% of the total strata floor area of retail parcels and 100% of the car park bays.)
Net lettable area⁽³⁾

883,648 sq ft
Number of leases⁽³⁾

319
Committed occupancy rate⁽³⁾

99.6%
Shopper traffic for 2023⁽⁴⁾

11.7 million

Notes:

Based on the valuations as at 31 December 2023 commissioned by MTrustee, trustee of CLMT.
As at 31 December 2023.
As at 30 September 2024.
From 21 March 2023.