STARHILL GALLERY AND
LOT 10 PROPERTY
The Malaysia Properties comprise
distinctive and vibrant shopping
malls strategically located in
Bukit Bintang, Kuala Lumpur’s
premier shopping and entertainment
district. Starhill Gallery features a
high profile tenant base with some
of the most recognised international
designer labels and luxury watch and
jewellery brands. Lot 10 offers young
and trendy urbanites a wide range
of fashion, dining and entertainment
offerings.
Starhill Gallery attracts affluent
tourists and high-end shoppers
and comprises seven retail floors
each offering a distinct and unique
shopping experience. Starhill Gallery
houses flagship stores of watch
brands such as Audemars Piguet,
Jaeger-LeCoultre, Chopard, Bedat
& Co and Richard Mille. In addition,
Starhill Gallery has a wide range
of fashion and lifestyle offerings
including luxury labels Louis Vuitton,
Valentino, Van Cleef & Arpels,
McQ by Alexander McQueen and
British department store Debenhams.
Existing tenants have also continued
to up the ante in luxury shopping
experiences. Louis Vuitton re-opened
its approximately 16,000 sq ft
boutique in January 2014, almost
three times the size of its original
store. Dior also re-opened its
expanded flagship store of
approximately 6,200 sq ft in
June 2014, which is almost double
the size of its original store.
In FY 2014/15, the luxury mall
continued to pique the interest
of international high-end brands,
welcoming new tenants including
Newens Tea House, Cortina Watch,
independent Swiss luxury watch
brand HYT Watches, and French
niche oud perfume brand Fragrance
Starhill Gallery and Lot 10 Property
are located in the heart of the
popular Bukit Bintang shopping
district in Kuala Lumpur’s Golden
Triangle. The Malaysia Properties
are strategically situated as the ritzy
Bukit Bintang district is set to remain
as one of Kuala Lumpur’s premier
shopping districts, being home to
many prestigious international hotels,
prime office buildings and shopping
complexes. Lot 10 is located next to
Bukit Bintang monorail station, with
the H&M store directly connected to
the station via a platform. In addition,
Du Bois. Starhill Gallery also hosts
the annual “A Journey Through
Time” exhibition, one of Asia’s most
prestigious watch and jewellery
showcases. In its eighth year, the
2014 event was held from 21 to
28 November 2014.
FASHION AND
ENTERTAINMENT FOR YOUNG
URBANITES AT LOT 10
Lot 10 Property sits on a 99-year
leasehold site expiring on 29 July
2076 with a NLA of 256,811 sq ft.
Lot 10 Property is repositioned
to appeal to young urbanites with
a “Forest in the City” concept,
taking advantage of Lot 10’s distinct
green facade and building on it by
creating landscaped gardens and
extensive greenery. The flagship
H&M store in Lot 10 was the first
to open in Malaysia in 2012. The
H&M store expanded in 2014 and
offers a full range of merchandise
over three storeys with an NLA
of approximately 41,000 sq ft.
In May 2014, Zara expanded its
store to three storeys with an NLA
of approximately 16,000 sq ft.
Spanning over 21,000 sq ft of
the mall, Lot 10 Sports Hub was
launched in September 2014,
housing sport and fitness brands
including Hundred%, The Marathon
the future Bukit Bintang station
of the Klang Valley MRT project’s
Sungai Buloh-Kajang Line is slated
to be located diagonally opposite
the mall when fully completed
in 2017, with the station also in
close proximity to Starhill Gallery.
LUXURY SHOPPING AT
STARHILL GALLERY
Starhill Gallery has a total NLA of
306,113 sq ft and sits on a freehold
site connected to two luxury hotels,
the JW Marriott Hotel Kuala Lumpur
and The Ritz Carlton Kuala Lumpur.
Shop, Converse, Asia’s first Liverpool
FC boutique, and real-life escape
game room Lockdown Kuala Lumpur.
Other notable tenants in Lot 10
include Birkenstock, Braun Buffel,
Celebrity Fitness, Timberland,
Hush Puppies, Alpha Hub and the
Yes! Mobile flagship store. In
addition, the basement houses the
Lot 10 Hutong, a heritage gourmet
village where one can find a myriad
of Malaysian gastronomic delights
housed under one roof.
STABLE INCOME FROM
MASTER LEASE
A master lease with Katagreen
Development Sdn Bhd, an indirect
wholly owned subsidiary of YTL
Corporation Berhad, is in place at
both Starhill Gallery and Lot 10
Property. The leases have a fixed
term of 3+3 years commencing on
28 June 2010 with a put and call
option by the landlord and the
master tenant respectively to
extend the tenancy for the Malaysia
Properties for a further three years
upon expiry of the second term in
June 2016. The leases also have fixed
step-up features, guaranteeing a
6.7% increase in rent upon renewal.
Malaysia Properties
Starhill Gallery & Lot 10 Property
Starhill Gallery and Lot 10 Property are located in the heart of the popular
Bukit Bintang shopping district in Kuala Lumpur’s Golden Triangle. The
Malaysia Properties are strategically situated as the ritzy Bukit Bintang
district is set to remain as one of Kuala Lumpur’s premier shopping districts,
being home to many prestigious international hotels, prime office buildings
and shopping complexes.
The enlarged
Louis Vuitton
boutique at
Starhill Gallery.
The expanded
Dior flagship
store at Starhill
Gallery.
Sergio Rossi
boutique at
Starhill Gallery.
The expanded
Zara store at
Lot 10 Property.
Hush Puppies
store at Lot 10
Property.
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STARHILL
GLOBAL
REIT
Annual
Report
FY 2014/15
