Tropicana Corporation Berhad Annual Report 2020

ANNUAL REPORT 2020 PERFORMANCE REVIEW TROPICANA CORPORATION BERHAD The New Pulse of Kota Damansara A Green Haven at Kota Damansara Edelweiss SOFO & Serviced Residences at Tropicana Gardens is located on 2.3 acres of land, with a potential GDV of RM855.2 million. Edelweiss SOFO & Serviced Residences comes with different product offerings and price points to suit consumers’ varying income levels. It is surrounded by a variety of amenities suchasSt. Joseph’s Institution International School (Tropicana PJ Campus), SEGi University, Thomson Medical Centre, and a large array of shopping malls. Residents also have access to a pedestrian bridge that will connect them directly to Tropicana Gardens Mall, the central hub as well as the Surian MRT station. Consisting of 1,027 units of serviced apartments and SOFO units, this development is expected to be ready in 2024. On the retail segment, Tropicana unveiled Tropicana Gardens Mall in 2020, which has a net lettable area of about one million square feet. Strategically located in the mature area of Tropicana Indah at Kota Damansara, Tropicana Gardens Mall is easily accessible via four major highways, offering good connectivity as it is just 50m from the Surian MRT with a variety of amenities all just within reach. Catering to the community at Tropicana Gardens as well as those in the vicinity, Tropicana Gardens Mall has established a good tenant mix, with its retail space take-up reaching 68%. Tropicana Gardens Mall is home to many local and international brands like Starbucks Reserve, the largest Starbucks Reserve store in Malaysia, Thai Odyssey, Qi Odyssey, Village Grocer, H&M, Defacto, HLA, Adidas, Puma, BookXcess, Co-Labs, Restaurant Extra Super Tanker, Royce Chocolate, Mr DIY, Sports Direct, and more. New tenants that will be opening soon are JONETZ by Don Don Donki and Taco Bell. The Group also continues to record an excellent uptake for Edelweiss SOFO and Serviced Residences, the fifth and final tower of its signature Tropicana Gardens development 2.35 Acres 855 1,027 GDV (RM’ mil) Total Units SOFO & Serviced Residences Unit Type 1 mil 1.4 mil Net Lettable Area (sq ft) Gross Floor Area (sq ft) Approximately Approximately MANAGEMENT DISCUSSION & ANALYSIS Tropicana Gardens Mall, vibrant shopping haven at Kota Damansara 056 057