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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 positioned to appeal
to young urbanites. Lot 10 is home to
the first H&M store in Malaysia and
a three-storey Zara store spanning
16,402
sq ft. Notable tenants in Lot 10
also include Braun Buffel, Celebrity
Fitness, The Coffee Bean & Tea Leaf,
Timberland, Samsung, Alpha Hub and
the Yes Mobile flagship store.
The basement houses the Lot 10
Hutong, a heritage gourmet village
which offers a truly gastronomic
experience right in the heart of Bukit
Bintang. It has been listed by New
York Times as one of the “Top 37 Asian
Odysseys”. In 2017, Lot 10 Hutong
received the Platinum award in the
Foodcourt category at the Kuala
Lumpur Mayor’s Tourism Awards
2017, which recognise and reward
establishments that achieve the
highest levels of excellence in service
and promote Kuala Lumpur as an
international tourist destination.
Rejuvenated Lot 10 interior
TENANT
1
NET LETTABLE AREA
256,811
SQ FT
PURCHASE PRICE
M
S$
173.0
S$
(AS AT 30 JUN 2017)
MARKET VALUATION
M
136.3
LEASEHOLD ESTATE
(EXPIRING ON 29 JUL 2076)
TENURE
99
YRS
REJUVENATION OF LOT 10
Since 2016, Lot 10 has been undergoing
rejuvenation and is repositioned to
appeal to tech-savvy young urbanites.
Improvements include remodeling its
interior ceiling, a new hoisting system
that allows moving decorative pieces
to hang down the central atrium,
new escalators, lifts and signage
and a redesigned carpark. The
drop-off entrance to the mall next to
the monorail station has also been
revamped, while the main entrance
features colour-changing smart LED
lights. In conjunction with the new Bukit
Bintang MRT station, a new entrance
to Lot 10 is currently being built which
would lead shoppers directly from
the street level to the shops at level 1,
tapping into the enlarged population
catchment served by the MRT line.
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, and was extended for
a further three-year term with an
approximately 6.7% increase in rent
effective from 28 June 2016.
MALAYSIA
PROPERTIES
meet.play.#loveLot10
Lot 10 is revitalising the
mall’s tenant mix and
shopping experience
Lot 10 Hutong received
the Platinum award at the
Kuala Lumpur Mayor’s Tourism
Awards 2017 (Foodcourt)
Entrance to Bukit Bintang
MRT station in front of
Zara store at Lot 10
MASTER TENANT
(AS AT 30 JUN 2017)
48
STARHILL GLOBAL REIT ANNUAL REPORT FY 2016/17