Key Investment Highlights

MQREIT will provide its unitholders a unique opportunity to participate in the growth of commercial property market in Malaysia.

The portfolio of commercial properties acquired by MQREIT comprises built-to-suit office buildings, data processing centres, business park properties, retail assets and car parks. These properties are built on land held in perpetuity, and the buildings are of high quality specifications which meet the requirements of multinational corporations (“MNCs”);

The properties enjoy the following competitive strengths:

Strategic location

The 5 Quill Buildings are strategically located in Cyberjaya, the nucleus of Malaysia’s MSC. Cyberjaya is earmarked by the Malaysian government as Malaysia’s equivalent to ‘Silicon Valley’ in the United States, and the relevant ministries and authorities have been actively promoting Cyberjaya as a city of the future and a suitable home to information and communications technology and business process outsourcing companies.

Wisma Technip is located at the fringe of the ‘Golden Triangle’ of Kuala Lumpur, a term coined for the city’s central business district which comprises prime office buildings, international class hotels and shopping complexes. The building offers good access to other parts of the city, being linked by the key arterial roads of Jalan Tun Razak and Jalan Inai.

Part of Plaza Mont’Kiara is located in the Mont’Kiara suburb about 10 kilometres away from the Kuala Lumpur City Centre area. The Mont’Kiara suburb is a well-established township with a large local and expatriate population. There are three international schools in the vicinity of Mont’Kiara, namely the Mont’Kiara International School, Garden International School and the French International School of Kuala Lumpur. The Sprint Highway connects the township to all other major arterial roads spanning the Klang Valley and the country.

Platinum Sentral and Menara Shell are located within the Kuala Lumpur Sentral development and approximately 2 kilometres by road to the southwest of Kuala Lumpur city centre. Kuala Lumpur Sentral is an exclusive urban centre built around Malaysia’s largest transit hub interconnecting Kuala Lumpur International Airport (KLIA) Transit, KLIA Express, Light Railway Transit, KTM Intercity, KTM Commuter and the KL Monorail. Kuala Lumpur Sentral is demarcated by four major arterial roads, namely, Jalan Damansara to the north-east, Jalan Tun Sambanthan to the south, the viaduct from Jalan Istana to the south-east and Jalan Travers to the north/south-west.

TESCO Building is located along Lebuh Tengku Kudin 1, off the southern side of Jalan Tengku Kudin and off the western side of the section expressway connecting to the Penang Bridge and the Bayan Lepas Expressway at the south and the Jelutong Expressway at the north. It is located within the locality of Gelugor, approximately 6 kilometers south of Komtar in Georgetown, approximately 500 meters north of the Penang Bridge Interchange and approximately 8 kilometers north of the Penang International Airport.

Quality tenant base

The major tenants of the properties are mainly subsidiaries of MNCs including:

  • Technip Geoproduction (M) Sdn Bhd;
  • Asia Pacific Information Services Sdn Bhd, a wholly-owned subsidiary of DHL Worldwide Express B.V.;
  • HSBC Electronic Data Processing (Malaysia) Sdn Bhd, a wholly-owned subsidiary of HSBC Overseas Holdings (UK) Limited;
  • Huawei Technologies (Malaysia) Sdn Bhd;
  • BMW Malaysia Sdn Bhd;
  • Agensi Innovasi;
  • IBM Malaysia Sdn Bhd
  • PGS Data Processing & Technology Sdn Bhd
  • Tesco Stores (Malaysia) Sdn Bhd
  • Small and Medium Enterprises Corporation Malaysia
  • SBM Malaysia Sdn Bhd
  • Suruhanjaya Pengangkutan Awam Darat (SPAD)
  • The ICLIF Leadership & Governance Centre

High occupancy levels with step-up rental rates

The average occupancy of MQREIT's portfolio of properties as at 31 December 2018 is 93%. In addition, the majority of the tenancy and/or lease agreements for the properties contain provisions for step-up rental rates over the tenancy/lease period.

The properties are located on lands alienated with a term in perpetuity