Asset Portfolio



Property description

Gleneagles Intan Medical Centre Kuala Lumpur ("GMCKL") is an 8-storey purpose built medical office building comprising 110 medical consulting suites accommodating various specialties and sub-specialties for outpatient services. There is a 180-seat auditorium located at top floor and commercial offerings like retail pharmacy, bank and café at ground floor. GMCKL has a basement level car park and is linked by a pedestrian bridge to Gleneagles Hospital Kuala Lumpur. Located along Jalan Ampang, it is easily accessible from any parts of the city centre and approximately 3 km away from integrated development of Kuala Lumpur City Centre (KLCC). The Jelatek PUTRA LRT station is located about 1 km due north-west of GMCKL.

Parkway Life REIT owns approximately 23.1% of the total share value of GMCKL comprising three ground floor units, three medical consulting suites units at 2nd and 7th floors, the entire 8th floor and 69 car park lots ("GMCKL Portfolio").

Key Statistics

Tenure Freehold
Land Area 3,450 sq m
Floor Area 2,444 sq m (owned by Parkway Life REIT)
Number of Car Park lots 69, all of which owned by Parkway Life REIT
Year of Completion 1999
Committed Occupancy 100% (excluding Car Park)
Name of Lessee (s)

- Choizes Concept Store Sdn. Bhd.
- Gleneagles Kuala Lumpur (a branch of Pantai Medical Centre Sdn.    Bhd.)

Appraised Value
(as at 31 December 2016)
RM 22.2 Million
(S$ 7.16m) 1
Location Map Click here to view location map

Note:

  1. The property was valued by Nawawi Tie Leung using the Income, Capitalisation and Comparison Approaches. Based on an exchange rate of S$ 1.00 to RM 3.10.