Property Details 46 CapitaLand Integrated Commercial Trust IMM BUILDING Strategically located adjacent to Jurong Gateway and Jurong Lake District, IMM Building (IMM) is Singapore’s largest outlet mall. The outlet mall is seamlessly connected via an elevated covered walkway to Jurong East MRT station, an interchange for the East-West Line and North-South Line. IMM offers a wide variety of value shopping and dining options for families, professionals and young adults. Besides its proximity to the residential estates, IMM is surrounded by major developments such as Westgate and Ng Teng Fong General Hospital and is close to several office and industrial developments. A part of the mall is undergoing an asset enhancement initiative (AEI) which is expected to be completed in 3Q 2025. As at 31 December 2023 2024 Valuation (S$ million) 745.0 763.0 Gross Floor Area (sq ft) 1,426,500 1,426,500 Net Lettable Area (sq ft) Total Retail Warehouse 963,600 424,300 539,300 944,500² 405,200² 539,300 Number of Tenants 490 500 Committed Occupancy (%) Total Retail Warehouse 99.4 99.7 99.2 99.6² 99.8² 99.4 Gross Revenue3 (S$ million) 94.0 89.4 Trade Mix4 (%) Food & Beverages 21.2 Warehouse 15.9 Home & Living 13.1 Fashion & Accessories 11.9 Shoes & Bags 8.2 Books, Stationery & Gifts/ 8.0 Hobbies/ Sports Digital & Appliance 5.6 Beauty & Health 5.2 Supermarket 5.2 Multi-Concepts 2.3 Jewellery & Watches 1.7 Kids 1.1 Services 0.6 Property Information Address 2 Jurong East Street 21 Land Tenure Leasehold tenure of 30 + 30 years with effect from 23 January 19891 Purchase Price in 2003 S$247.4 million Carpark Lots 1,327 Bicycle Lots 38 Green Rating BCA Green Mark GoldPLUS Lease Expiry Profile4 (%) 26.0 33.0 8.0 12.5 2025 2029 2026 2027 2028 2030 and beyond 20.5 0 Major Tenants5 Best Denki (Singapore) Pte. Ltd. Cold Storage Singapore (1983) Pte Ltd Extra Space Jurong Pte. Ltd. 1 30-year extension was effected from 23 January 2019. 2 Excludes AEI area in IMM Building. 3 Gross revenue comprises gross rental income, car park income and other income for the respective financial year. 4 As at 31 December 2024, based on committed gross rental income which excludes gross turnover rent. 5 Based on gross rental income for the month of December 2024 which excludes gross turnover rent.
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