Al-Salām
REIT (ALSREIT, 5269)
Company Profile:
Al-Salām Real Estate Investment Trust (“Al-Salām REIT”) is
a diversified Islamic REIT in Malaysia with assets strategically located in
Johor Bahru City Centre as well as in major city throughout Malaysia. Al-Salām
REIT was listed on the Main Board of Bursa Malaysia on 29 September 2015.
Al-Salām REIT, managed by Damansara REIT Managers Sdn Bhd
(“Manager”), a wholly-owned subsidiary of Johor Corporation focuses on
Syariah-compliant diversified assets, including but not limited to, commercial
retail, office and industrial assets.
Investment Policy:
Al-Salām REIT is an Islamic REIT established with the
principal investment policy of investing, directly and indirectly, in a
diversified Shariah-compliant portfolio with income producing Real Estate which
are used primarily for commercial retail, office and industrial purposes in
Malaysia as well as Real Estate-Related Assets. Such properties may include
amongst others, shopping malls, office buildings, college buildings, warehouses
and food and beverage retail outlets.
Investment Objective:
The Manager’s key objective is to provide unit holders with
regular and stable distributions, sustainable long term Unit price and
Distributable Income and capital growth, while maintaining an appropriate
capital structure.
Key Investment Strategies:
The Manager intends to increase the income as well as the
value of the Subject Properties, through the following strategies:-
(i) Active
asset management strategy
The Manager will seek to optimize the rental rates,
occupancy rates and Net Lettable Area of the Subject Properties in order to
improve the returns from Al-Salām REIT’s property portfolio;
(ii)
Acquisition growth strategy
The Manager will source for and acquire properties that fit
within Al-Salām REIT’s investment strategy to enhance returns to unit holders
and capitalize on opportunities for future income and NAV growth; and
(iii)
Capital and risk management strategy
The Manager will endeavor to employ an appropriate mix of
debt and equity in financing acquisitions, seek to manage financing and
refinancing risk and to adopt an active financing rate management strategy to
manage the risks associated with changes in financing rates.
Property Portfolio:
Overview:
KOMTAR JBCC, Menara KOMTAR, @Mart Kempas and KFCH College
are in prime position to benefit strategically located in Johor Bahru, where
the state’s diversified economy and closed proximity to Singapore present great
demand opportunities for commercial properties.
The QSR properties comprising 27 restaurant and
non-restaurant QSR properties that support the operation of KFC and Pizza Hut
in Malaysia are largely situated in proximity to middle and high income
established commercial and residential areas, providing an immediate catchment
that comprises of the more established and matured neighborhoods in Penang,
Johor and Klang Valley.
Detail Portfolio:
Property
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Information
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KOMTAR JBCC
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Common:
A four (4) level
shopping mall located in Johor Bahru City Centre, Johor Bahru, Johor
Address:
Johor Bahru City
Centre, 80000 Johor Bahru, Johor.
Note:-
(1) KOMTAR JBCC and Menara
KOMTAR form part of an integrated development which will comprise of a
proposed tower known as “Menara Johor Land”, a proposed hotel and a proposed
mosque (collectively known as “JBCC Integrated Development”). The JBCC
Integrated Development is held under the Master Title. On 29 December 2014,
the said Master Title was submitted to the relevant authorities for sub-division
into four (4) individual strata titles. Upon completion of the sub-division,
KOMTAR JBCC and Menara KOMTAR including the development components of JBCC
Integrated Development will have their respective individual strata title.
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Menara KOMTAR
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Common:
A twenty five (25)
storey office building located in Johor Bahru City Centre, Johor Bahru, Johor
Address:
Johor Bahru City
Centre, 80000 Johor Bahru, Johor.
Note:-
(1) KOMTAR JBCC and Menara
KOMTAR form part of an integrated development which will comprise of a
proposed tower known as “Menara Johor Land”, a proposed hotel and a proposed
mosque (collectively known as “JBCC Integrated Development”). The JBCC
Integrated Development is held under the Master Title. On 29 December 2014,
the said Master Title was submitted to the relevant authorities for
sub-division into four (4) individual strata titles. Upon completion of the
sub-division, KOMTAR JBCC and Menara KOMTAR including the development
components of JBCC Integrated Development will have their respective
individual strata title.
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@Mart Kempas
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Common:
A single storey
hypermarket known as “@Mart Kempas Community Hypermarket” located within
Kempas, Johor Bahru, Johor.
Address:
Premises No.10,
Jalan Persiaran Tanjung, Taman Cempaka, 81200 Johor Bahru, Johor.
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KFCH College
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Common:
A four (4) storey
building known as “KFCH International College” located in Bandar Dato’ Onn,
Johor Bahru, Johor.
Address:
No.1, Jalan Dato’
Onn 1, Banndar Dato’ Onn, 81100 Johor Bahru, Johor.
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QSR properties
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Restaurant
properties:
(i) Restaurant located at shop houses/offices
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Premises No. 34, Jalan Mahsuri, Bandar Bayan
Baru, 11950 Bayan Lepas, Pulau Pinang
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Premises Nos. 60 & 62, Jalan PJS 11/28A,
Bandar Sunway, 46150 Petaling Jaya, Selangor Darul Ehsan
·
Premises No. 5, Bangunan Joota Brothers, Jalan
Sungai Korok, 06000 Jitra, Kedah Darul Aman
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No. 1 & 1-1, Jalan Niaga, 81900 Kota
Tinggi, Johor Darul Takzim
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No. 3, 3A & 3B, Jalan Resam 13, Taman
Bukit Tiram, 81800 Ulu Tiram, Johor Darul Takzim
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No. 1, Jalan Bandar 1, Pusat Bandar Baru Ayer
Hitam, 86100 Ayer Hitam, Johor
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Premises No. 1, Jalan Mahajaya, Kawasan
Penambakan Laut, Bandar Port Dickson, Negeri Sembilan Darul Khusus
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Premises No. 9, Persiaran Putra Timur 1, 02000
Kuala Perlis, Perlis Indera Kayangan
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Premises Nos. 18 & 20, Jalan Sulaiman,
43000 Kajang, Selangor Darul Ehsan
(ii) Single storey restaurant buildings with
drive-through outlet
·
Lot 14083, Jalan Kuchai Lama, 58200 Kuala
Lumpur
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Lot 59060, Jalan Prima 1, Metro Prima, Off
Jalan Kepong, 52100 Kuala Lumpur
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PT No. 6878, Jalan 8/27A, Pusat Bandar Wangsa
Maju, 53300 Kuala Lumpur
·
PT No. 2281, Jalan Kuala Ketil, Bandar Puteri
Jaya, 08000 Sungai Petani, Kedah
·
PT No. 217643, Jalan Kuala Kangsar, Taman
Tasek Mutiara, 31400 Ipoh, Perak
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PTD 171459, Jalan Persisiran Perling, Taman
Perling, 81200 Johor Bahru, Johor
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PTD 153154, Jalan Tampoi, Taman Damansara
Aliff, 81200 Johor Bahru, Johor
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PT No. 19503, Lebuh Ayer Keroh, 75450 Hang
Tuah Jaya, Melaka
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PTD 103231, Taman Impian Senai, 81400 Senai,
Johor
(iii) Restaurants
at mall outlets
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Unit No. GF-12A, Queensbay Mall, 100,
Persiaran Bayan Indah, 11900 Bayan Lepas, Pulau Pinang
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Unit No. 3A-G-18, Kompleks Bukit Jambul
("KBJ"), Jalan Rumbia, 11900 Bayan Lepas, Pulau Pinang
·
Unit No. G-103, Megamall Pinang Shopping
Complex, No. 2828, Jalan Baru, Bandar Perai Jaya, 13700 Perai, Pulau Pinang
·
Unit No. G-104, Megamall Pinang Shopping
Complex, No. 2828, Jalan Baru, Bandar Perai Jaya, 13700 Perai, Pulau Pinang
Non-restaurant
properties – Industrial premises
·
Lot 5, Lorong Tembaga 3, Kawasan MIEL, KKIP
Selatan, Kota Kinabalu Industrial Park, Menggatal, 88450 Kota Kinabalu, Sabah
·
Premise No. 31, Lorong IKS Juru 3, Taman IKS
Juru, 14100 Simpang Ampat, Pulau Pinang
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Premise No. 3, Lorong Gerudi 1, Off Jalan
Pelabuhan Utara, 42000 Pelabuhan Klang, Selangor Darul Ehsan
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Premise No. 6, Jalan Gerudi, Off Jalan
Pelabuhan Utara, 42000 Pelabuhan Klang, Selangor Darul Ehsan
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Premise Nos. 17, 19 & 21, Jalan Pemaju
U1/15, Sek U1, Hicom Glenmarie Industrial Park, 40150 Shah Alam, Selangor
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Source: http://www.alsalamreit.com.my/
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