Property Investment

The Group's Investment Property portfolio comprises:

(i) Three (3) Hotels with a total of 1000 rooms planned for i-City

  1. The 216 rooms 3 star Best Western i-City that was opened end 2014.
  2. The 300 rooms 4 star Double Tree by Hilton i-City that is to be opened in 2018.
  3. On the drawing board is a 5 star Hotel.

(ii) Shopping that is anchored by the RM 750 million, 1 million sq ft net leasable area Central Plaza i-City Shopping Mall that is to be opened at the end of 2018. On the drawing board is the Clarke Quay i-City riverfront F&B promenade.

(iii) Data Centres. In addition to the 70,000 sq ft i-City East data centre that is currently fully tenanted, there is another 1.5 million sq ft of data centre/incubator planned in i-City South.

(Iv) Car parks within i-City with currently 1500 bays in operation and another 10,000 bays at various stages of development.

While the revenue contribution from the Property Investment segment was only about 4 % in 2014, there is a strong foundation for the future with the RM 1 billion investment programme in hotels, shopping, data centre and the car parks developments.