Lot 10 Property

Located within the heart of the popular Bukit Bintang shopping precinct in Kuala Lumpur, Lot 10 Property is positioned to appeal to young urbanites. Lot 10 is home to the first H&M store in Malaysia and a three-storey Zara store. Notable tenants in Lot 10 include The Hour Glass, Celebrity Fitness, The Coffee Bean & Tea Leaf, Alpha Hub and the Yes Mobile flagship store. The basement houses the Lot 10 Hutong, a heritage gourmet village which offers a gastronomic experience in the heart of Bukit Bintang. New tenants at Lot 10 include the first offline Reebonz store in Malaysia, J's Gate Dining with its cluster of 18 authentic Japanese eateries, Tokyo Candy Factory and Molten Chocolate.

The holistic rejuvenation of Lot 10 was timed to complete with the opening of the second phase of the new Sungai Buloh-Kajang MRT Line in July 2017. Improvements of the mall include the remodelling of its interior ceiling, a new hoisting system to allow moving decorative pieces to hang in the central atrium, new escalators, lifts and signage and a redesigned carpark. Externally, the vehicle drop-off closest to the monorail station has been revamped, while the main entrance is more visually appealing with colour-changing smart LED lights. A new entry point from the Bukit Bintang MRT Station has been constructed to lead shoppers directly from street level to the shops at level 1, tapping into the enlarged population catchment served by the Sungai Buloh-Kajang MRT Line.

The mall has also been repositioned as a digital, fashion-forward destination with its tagline meet.play.#loveLot10, appealing to tech-savvy young urbanites.

In March 2019, new conditional master tenancy agreements for Starhill Gallery and Lot 10 Property (Malaysia Properties) have been entered into with the current master tenant, Katagreen Development Sdn Bhd, an indirect wholly-owned subsidiary of YTL Corporation Berhad, which include asset enhancement works for Starhill Gallery (Proposed Transaction). The asset enhancement works, which are expected to take approximately two years, will turn the retail mall into an integrated development with retail and hotel elements, in line with global trend. Among others, the asset enhancement works will refresh the interior and exterior fa├žade of the mall as well as convert the top three levels of the mall into hotel rooms as an extension of the adjoining JW Marriott Hotel Kuala Lumpur. An extraordinary general meeting has been convened on 16 May 2019 to seek Unitholders' approval for the Proposed Transaction. For more details, please refer to the SGX-ST announcement issued on 18 March 2019 and the circular to Unitholders dated 25 April 2019.

Lot 10

Property Profile

Address 50 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia
Description 137 parcels and 2 accessory parcels of retail and office spaces held under separate strata titles within a shopping centre known as Lot 10 Shopping Centre, which consists of an 8-storey building with a basement and a lower ground floor, together with a 7-storey annex building with a lower ground floor (Lot 10 Property).
Positioning Chic and trendy mall for young urbanites
Year of completion 1991
Occupancy 100.0%(1)
Net lettable area 256,811 sq ft(1)
Number of tenants 1(1)(2)
Title Leasehold estate of 99 years expiring on 29 July 2076
Selected brands of tenants(1)
  • H&M
  • Zara
  • Liverpool F.C. Store
  • Celebrity Fitness
  • Lot 10 Hutong
  • Samsung
Valuation S$146.2 million(3)
Website www.lot10.com.my
  1. As at 31 March 2019.
  2. Master lease with Katagreen Development Sdn Bhd.
  3. As at 30 June 2018.