This year, KLCCP Stapled Group reached a significant milestone, commemorating the 10th anniversary since its establishment as the largest internally managed Stapled Security in the country. As we pay tribute to our rich eclectic history, we reflect on a journey that symbolises a decade of unparalleled inventive growth and leadership. One that showcases our strength, built not only from the people within the Group, but also from our valued partners, customers and the community with whom we have collaborated extensively. Together with our tenants, we continuously upgrade our assets, from the tallest twin icons in the world to one of the city’s largest green lungs – keeping them at the cutting edge with increasingly advanced innovation and technology.

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From the time KLCCP Stapled Group was established as the first stapled REIT in Malaysia, we have journeyed not only to maintain the prestige of our premium portfolio, but add to its value as we also created value for our tenants, customers, guests, investors and the community at large. This is reflected in the string of awards won over the last decade as a Property and REIT group, and recognition gained as an organisation that has become progressively greener and increasingly in tune with changing trends as well as societal expectations. While we celebrate our 10th anniversary with a sense of pride, it is with even greater pleasure that we look forward to the next decade and more of working closely with all our stakeholders to shape a continuously dynamic and vibrant landscape.

  • Listed as the first ever Shariah compliant stapled structure in Malaysia
  • Inclusion in the FTSE Bursa Malaysia Index for the first time
  • Best Islamic REIT Deal of the Year in Southeast Asia by Alpha Southeast Asia
  • Real Estate Deal and Country Deal of the Year (Malaysia) from Islamic Finance News
  • Established Sukuk Murabahah Programme for KLCC REIT and Suria KLCC, rated AAA by RAM Ratings
  • Inclusion in the FTSE4Good Bursa Malaysia Index
  • Obtained provisional Green Building Index (GBI) Gold Certification for PETRONAS Twin Towers and Silver for Menara 3 PETRONAS
  • Inclusion in the FTSE4Good Emerging Index
  • Named Best Shariah Compliant REIT Malaysia
  • Attained ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System) and OHSAS 18001:2007 (Occupational Health and Safety Management System)
  • Completed refurbishment of Menara Dayabumi as a prime Grade A office building
  • PETRONAS Twin Towers received the Gold in Non-Strata Commercial Category of TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2017
  • KLCC Parking Management (KPM) became the first parking management company in the country to receive ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007
  • Secured 18-year lease for Menara ExxonMobil with ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) and PETRONAS
  • Recognised for the Highest Return on Equity Over Three Years under REIT category at the Edge Billion Ringgit Club Corporate Awards 2018
  • Won the Industry Excellence Award for Real Estate Investment Trust (REITs) and Investment Funds category at the National Corporate Reporting Awards (NACRA) 2018
  • Received the Gold Award in the Below 10 Years Mixed Development Category at TheEdgeProperty.com Malaysia’s Best Managed Property Awards 2018 for Menara 3 PETRONAS
  • Installed the largest rotating double-sided LED screen in the world in Suria KLCC
  • Implemented the first virtual parking management system in Malaysia utilising a private cloud
  • Completed the Group’s 3-year Sustainability Roadmap (2016-2018)
  • PETRONAS Twin Towers featured in Top 50 Most Influential Tall Buildings of the Past 50 Years by Council on Tall Buildings and Urban Habitat (CTBUH)
  • PETRONAS Twin Towers named the Top 10 Green Buildings of the Decade by Green Building Council Malaysia
  • Secured GBI Gold for PETRONAS Twin Towers and Silver for Menara 3 PETRONAS
  • Secured 15-year Triple Net Lease (TNL) extension for PETRONAS Twin Towers and Menara 3 PETRONAS up to 2042 & 2041 respectively
  • KLCC Park named World’s Top 5 Best Urban Park by the International Large Urban Parks
  • Attained ISO37001:2016 Anti-Bribery Management System (ABMS) certification for KLCC Property Holdings Berhad (KLCCP), KLCC REIT Management (KLCCRM), KPM and KLCC Urusharta (KLCCUH)
  • Completed the anchor-to-specialty space reconfiguration involving 72 tenants, many of which were among the pioneering stand-alone stores in Malaysia and exclusive to Suria KLCC
  • Established Integrated Building Command Centre (IBCC) to monitor building performance in real time
  • Established Integrated Security Operation Centre to enhance KLCC Precinct security
  • 100% elimination of Single-Use plastic in Mandarin Oriental, Kuala Lumpur hotel (MOKUL Hotel) operations
  • Launched 49 Premium Parking bays with 20 EV chargers at Suria KLCC parking for customers’ convenience, towards carbon footprint reduction
  • Attained MSC status for PETRONAS Twin Towers and Menara ExxonMobil
  • Installed over 900 LED lights on the external facade of PETRONAS Twin Towers
  • Installed facial recognition devices for improved security and contactless access at PETRONAS Twin Towers
  • Installed 57 EV chargers within KLCC Precinct, making it the venue with the largest number of EV charging points in Malaysia
  • Launched pedestrian bridge connecting Menara Dayabumi and Central Market
  • Achieved Green Hotel Standard and Sustainable Low Carbon Building 3-Diamond Rating for MOKUL Hotel
  • KPM collaborated with Gentari Sdn Bhd to explore opportunities in green mobility and renewables within KLCC Precinct and its managed facilities
  • Launched the 5-year Strategy Blueprint for the next growth phase
  • Rolled out KLCC Group Digital Roadmap, charting its digital journey
  • Completed the Group’s first 5-year Sustainability Roadmap (2019-2023)
  • Embarked on Task Force on Climate-related Financial Disclosure (TCFD) recommendations journey towards climate change adaptation and management
  • Launched the Sustainable September campaign with the mission to establish KLCC Precinct as Malaysia’s first Sustainability Development Goal hub
  • Secured GBI Silver certification for Menara Maxis
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Letter From the Chairman
...we have maintained our position at the cutting edge of property and asset management and retained our leadership as the largest REIT, growing our market capitalisation by 21% to constitute 31% of the Malaysian REIT industry...
Tan Sri Ahmad Nizam Bin Salleh
Chairman
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In Conversation with the CEO
Overall, it was a year we can be proud of, with each business segment showing improved performance. For the entire team, it was the best possible gift we could have to celebrate our 10th anniversary!
Datuk Md. Shah Bin Mahmood
Chief Executive Officer
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Our Strategy

Our 3-Pronged Growth Strategy has guided and aligned us to deliver on our Group’s purpose and create sustainable value for our customers and stakeholders. This strategy is underpinned by our Winning Formula focusing on customer centric mindset and approach to value creation supported by Commercial Excellence, Project Excellence and Operational Excellence as we strengthen our portfolio to future-proof our organisation and ensure the Group’s long-term survivability.

3-Pronged Growth Strategy
Maximising Cash Generator
Our high-quality investment portfolio provides strong and stable cashflows. Protecting and maximising these assets provide a solid base for profitability and a foundation for growth.
Expanding Core Business
Property investment and development remain our core business. We are defining opportunities for further growth and value enhancement.
Stepping Out
Accelerated key global and industry trends are reshaping the real estate landscape, customer behaviour and expectations. We continue to build our capabilities in order to allocate resources to better position ourselves for the future.

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CFO's Review
Despite a confluence of factors that impacted Malaysia’s economic growth in 2023, KLCCP Stapled Group continued to demonstrate robust resilience, with our top and bottom lines growing substantially YoY and our PBT exceeding that achieved in 2019, pre-pandemic.
Rohizal Bin Kadir
Chief Financial Officer
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Financial Highlights
Revenue
RM0.0 billion
(2022: RM1.5 billion)
Profit for the year
RM0.0 billion
(2022: RM0.9 billion)
Property value
RM0.0 billion
(2022: RM15.7 billion)
Distribution per
Stapled Security
0.00 sen
(2022: 38.00 sen)
Net Asset Value per Stapled Security
RM0.00
(2022: RM7.27)
Business Highlights
Office
Premium Grade-A
office with
0% occupancy
Upward rental revisions for Menara 3 PETRONAS and Menara ExxonMobil for a further 3-year term
Retail
Suria KLCC’s ‘Picnic in the Park’ won the prestigious Platinum Award for 'Best Experiential Marketing'
in the 2022-2023 Malaysia Shopping Malls Association Awards
Brought in
0 new tenants,
adding to the almost
0 new tenants introduced since the mall opened in 1998
Hotel
Attained the highest Revenue per available room since the hotel opened in 1998
Achieved a remarkable guest satisfaction score of 0%, a testament to the exceptional service provided to our guests
Management Services
KPM secured the operations of 0 car parking bays at various locations in Kuala Lumpur and Putrajaya
KLCC Urusharta expanded its facilities management works including the Workplace for Tomorrow
Sustainability Steering Committee
Chairman’s Message
KLCCP Stapled Group has always adopted a responsible stance in balancing our financial performance with the creation of positive Environmental, Social and Governance (ESG) outcomes. As climate change and energy management issues are becoming more critical, we have stepped up to the challenge of reviewing our operations and re-setting our sustainability priorities.
Mohainee Binti Tahir
Senior General Manager,
Group Strategy and Sustainability
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Sustainability Highlights
People
RM0.0 million
Invested in Learning & Development
0 Hours
Average Learning Hours per year per employee
Zero fatalities
0% women
in the workforce
Zero recorded cases of substantiated grievance on discrimination and human rights
Planet
0% reduction in GHG emissions compared to base year 2015
0% waste diverted from landfill
0% reduction in energy consumption compared to base year 2015
0% reduction in water consumption compared to base year 2015
0 kWh renewable energy generated from Solar PV installed on Suria KLCC’s rooftop in 2023
Peace
0%
Women Directors
on Boards
0% Independent Non-Executive Directors on Boards
Zero Bribery and Corruption cases
Zero Cyber security incidents
0% operations assessed for corruption related risks
Prosperity
RM0.0 million of tax paid to the Government
RM0.0 million
contributed to Corporate Social Responsibility (CSR)
0% Average Customer satisfaction score for Office, Car Park, and Hotel segment
0 Net Promoter Score (NPS) for Retail segment, well above industry benchmark of 0
RM0.0 million
dividend paid, increase of
RM0.0 million
compared to 2022
KLCC property Holdings Berhad
21st
KLCC Real Estate Investment Trust
11th
Annual general Meetings

The Boards of Directors of KLCC Real Estate Investment Trust (“KLCC REIT”) and KLCC Property Holdings Berhad (“Company”) wish to inform that the 11th Annual General Meeting of KLCC REIT and the 21st Annual General Meeting of the Company (“AGMs”) will be conducted concurrently and entirely through live streaming via TIIH Online website at https://tiih.online.

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Wed, 24 April 2024
10:30 a.m.
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Downloads
Integrated Annual Report
2023
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Sustainability Report
2023
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