(The Edge Property, 07/06/2016)
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Wednesday 13 July 2016
Mammoth to sell Empire Shopping Gallery
Property developer cum owner and operator of hotels and malls Mammoth Empire Holdings Sdn Bhd (MEH) is ready to divest Empire Shopping Gallery in Subang Jaya, Selangor, should it receive a desirable and concrete offer. Empire Shopping Gallery has a gross built-up of RM600,000sf and a net lettable area of 350,000sf spread over 5 levels. It has 98% occupancy. The mall valued at RM510 million 2 years ago, while the latest valuation is RM583 million. The tenancy agreements are typically renewed every three years and the rental yield is between 6.5% and 7%.
(The Edge Property, 07/06/2016)
(The Edge Property, 07/06/2016)
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