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Business and propertiesTenant profileThe table below sets out information on the 10 largest tenants of the Properties (in terms of Gross Rentbased on Committed Leases as at 30 June 2007). (1)Tenant Trade sub-sector Lease expiry datePercentage oftotal NLA as at30 June 2007Percentage oftotal GrossRent based onCommittedLeases as at30 June 2007(%) (%)Matahari . . . . . . . . . . . . . Department Store/ 23 March 2015 -38.1 30.6Supermarket 9 Dec 2026Hypermart. . . . . . . . . . . . Hypermarket 2 May 2015 -6.2 2.931 May 2015Rimo . . . . . . . . . . . . . . . . Department Store 30 June 2007 (2) and2.4 2.128 February 2012Centro. . . . . . . . . . . . . . . Department Store 4 November 2013 2.5 1.8Giant. . . . . . . . . . . . . . . . Hypermarket 14 February 2019 2.0 1.1Gramedia . . . . . . . . . . . . Books &30 November 2010 -1.3 1.1Stationery22 May 2014Electronic SolutionIndonesia PT., . . . . . . . Electronics 31 October 2011 1.3 1.0Fitness First . . . . . . . . . . Sports & Fitness 14 April 2021 and17 May 20201.2 0.8Ace Hardware . . . . . . . . . Houseware 28 February 2012 0.5 0.8Millennium ExecutiveClub. . . . . . . . . . . . . . .29 October 2014 2.2 0.8Leisure andEntertainmentTop 10 tenants ....... 57.7 43.0Other tenants ........ 42.3 57.0Total . . . . . . . . . . . . . . . . 100.0 100.0Notes:(1) Includes the gross rental income from the Retail Spaces and assuming that the Master LeaseAgreement was in effect as at 30 June 2007(2) Rimo’s lease has been renewed till 30 June 2008.The following table sets out the expiry profile of the tenancies of the Retail Malls as at 30 June 2007:PeriodTotalnumber ofexpiringleasesNLA ofexpiringleasesMonthlygross rentof expiringleases as apercentageof forecastrentalExpiringleases as apercentageof NLA as at30 June 2007(sq m) (%) (%)2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193 8,360 5.1 3.82008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262 24,592 11.4 11.22009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 222 15,797 12.0 7.2Beyond 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 795 152,102 55.1 69.3Vacant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 18,531 16.3 8.4Total .................................... 1,472 219,382 100.0 (1) 100.0 (1)Note:(1) Due to rounding differences124
Business and propertiesThe following table sets out the expiry profile of the tenancies of the Properties (1) as at 30 June 2007:PeriodTotalnumber ofexpiringleasesNLA ofexpiringleasesMonthlygross rentof expiringleases as apercentageof forecastrentalExpiringleases as apercentageof NLA as at30 June 2007(sq m) (%)2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193 8,360 3.8 2.72008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262 24,592 8.5 7.82009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 222 15,797 9.0 5.0Beyond 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 802 246,172 66.5 78.5Vacant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 18,531 12.2 5.9Total .................................... 1,479 313,452 100.0 100.0 (2)Note:(1) Assuming that the Master Lease Agreements for the Retail Spaces were executed on 30 June 2007.(2) Due to rounding differences.Purchase price of the Properties (1)The table below shows the purchase price of each of the Properties, taking into account estimated issuecosts of the Offering and issue costs of the Cornerstone Units (assuming that the Over-allotment Option isnot exercised). (See “Certain Agreements Relating to LMIR Trust and the Properties”).PropertyPurchase pricebased onOffering Price(S$ million)Retail MallsGajah Mada Plaza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77.8Cibubur Junction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74.5The Plaza Semanggi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175.8MalLippoCikarang .................................................... 61.0Ekalokasari Plaza. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54.5Bandung Indah Plaza . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97.5IstanaPlaza.......................................................... 94.4Sub-total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 635.5Retail SpacesMall WTC Matahari Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.8Metropolis Town Square Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.7Depok Town Square Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.2Java Supermall Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.4Malang Town Square Units. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.1Plaza Madiun . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.6Grand Palladium Medan Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.6Sub-total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161.2 (2)Total ............................................................... 796.8 (2)Notes:(1) The purchase consideration of the Properties is determined by the difference between the purchaseconsideration of the Singapore SPCs (See “Certain Agreements relating to LMIR Trust and theProperties—Description of the Singapore SPC Share Purchase Agreements” for the formula ofdetermining this purchase consideration) and the fair value of all the net identifiable assets andliabilities of the Singapore SPCs acquired save for the Properties.(2) Due to rounding differences.125
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LIPPO-MAPLETREEINDONESIA RETAIL TRU
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Metropolis Town SquareMall WTC Mata
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KeyInvestmentHighlightsStrong acqui
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Locked-in master leases with rental
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1. Mall WTC Matahari UnitsRetail Sp
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Notice to investorsNo person is aut
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Forward-looking statementsCertain s
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Market and industry informationThis
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SummaryThe following summary is qua
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a right of first refusal (the “RO
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• The management of all the Retai
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information was extracted are based
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2006. It is estimated that the urba
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Further, the Retail Malls are manag
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Key Information on the PropertiesA
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Location of the Properties in Indon
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INFORMATION ON THE PROPERTIESThe Re
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Pictures of Gajah Mada Plaza19
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Percentage of contribution to LMIRT
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Number of tenants as at 30 June2007
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Car parking lots . . . . . . . . .
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Occupancy rate as at 30 June 2007.
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Year of building completion . . . .
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NLA as at 30 June 2007 . . . . . .
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Year of building completion . . . .
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Appraised value by Knight Frank as
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NPI for Forecast Period 2007,Projec
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Note:(1) Based on Strata Titles Own
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Note:(1) Based on Kiosks Sale and P
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Appraised value by Colliers as at30
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Percentage of contribution to LMIRT
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Notes:(1) These 14 Singapore SPCs (
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(See “Strategy—Capital and Risk
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Operating Companies: PT Multi Nusan
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Payable by LMIR Trust(c) Any other
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The offeringLMIR Trust . . . . . .
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Lock-ups . . . . . . . . . . . . .
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Listing and Trading . . . . . . . .
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Singapore are made in accordance wi
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Forecast Period2007Projection Year2
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Risk factorsProspective investors s
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Risk factorssimilar tenancy terms.
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Risk factors• losses arising from
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Risk factorsacquisitions is limited
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Page 143 and 144: Business and propertiesINFORMATION
Page 145 and 146: Business and propertiesother strata
Page 147 and 148: Business and propertiesBecause of t
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Page 153 and 154: Business and properties“Overview
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Page 157 and 158: Business and properties• Mal Cima
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Business and propertiesRelevant inf
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Business and propertiesAppraised va
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Business and propertiesDescriptionP
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Business and propertiesSun PlazaMed
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The Manager and corporate governanc
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The SponsorThe business structure o
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The Sponsorshopping, entertainment
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The SponsorKEY SHAREHOLDERS OF THE
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The formation and structure of LMIR
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Certain agreements relating to LMIR
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Overview of relevant laws and regul
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TaxationSINGAPORE TAX IMPLICATIONST
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Taxationbe applied to reduce the co
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TaxationOn the rental payments to t
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Plan of distributionThe Manager is
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Plan of distributionThe restriction
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Plan of distributionNote:(1) Includ
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Plan of distributionArticle 31, sec
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Plan of distributionUnited States o
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Clearance and settlementINTRODUCTIO
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General information(1) The profit f
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General information(f)(g)(h)Rule 74
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Glossary% Per centum or percentageA
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GlossaryColliersColliers Internatio
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GlossaryIndonesian SPCsInterested P
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GlossaryNPIOCBC BankNet property in
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GlossaryRetail Space Singapore SPCs
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GlossaryUnit Lending AgreementUnit
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Appendix AINDEPENDENT ACCOUNTANTS
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Appendix BINDEPENDENT ACCOUNTANTS
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Appendix BLIPPO-MAPLETREE INDONESIA
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Appendix BPro Forma Consolidated Ba
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Appendix B(D)Pro Forma Consolidated
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Appendix B(x)(xi)(xii)(xiii)(xiv)S$
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Appendix BCash and cash equivalents
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Appendix BLeased assets—Leases in
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Appendix Btemporary difference; and
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Appendix B• The Trustee, the Mana
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Appendix BDeferred income represent
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Appendix Bfinancial year exceeds th
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Appendix Bprice is to be negotiated
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Appendix B4. Bandung Indah PlazaPT
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Appendix CINDEPENDENT SINGAPORE TAX
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Appendix CGains on disposal of shar
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Appendix CDisposal of UnitsSingapor
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Appendix DINDEPENDENT INDONESIAN TA
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Appendix DD-3
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Appendix DD-5
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Appendix DD-7
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Appendix EINDEPENDENT PROPERTY VALU
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Appendix EReport No.017/WPA-Report/
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Appendix ERef. No: V/2006/PKG/3819
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Appendix EVALUATION CERTIFICATEProp
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Appendix EPropertiesLandarea (m 2 )
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Appendix EADDENDUM—STATEMENT OF A
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Appendix FINDEPENDENT REPORT ON THE
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TABLE OF CONTENTSREPORT INSTRUCTION
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Report instructionsAbout Jones Lang
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Executive summaryIMPLICATIONS FOR R
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Overview of Indonesia and its Econo
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Retail Market OverviewTable 2.1.1 I
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Retail Market Overview2.3 Changing
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Retail Market Overviewretailers hav
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Retail Market OverviewCompletionyea
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Retail Market Overview2.7.5 Carrefo
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Retail Market OverviewIn view of th
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Overview of PortfolioAs the adminis
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Overview of PortfolioFigure 3.1.4:
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Overview of PortfolioFigure 3.2.2 B
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Overview of PortfolioFigure 3.2.4 S
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Overview of PortfolioFigure 3.2.6 M
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Overview of PortfolioFigure 3.3.1 L
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Overview of PortfolioMall WTC Matah
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Leased MallsFigure 4.1.1 Cibubur Ju
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Leased MallsTable 4.1.3 Major tenan
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Leased MallsTable 4.1.4 Cibubur Jun
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Leased Malls4.1.7 SWOT analysisTabl
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Leased Malls4.2 Plaza Semanggi4.2.1
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Leased Mallsnumber of international
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Leased MallsTaking the survey and t
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Leased Malls• There are two major
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Leased Mallsterms of its very promi
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Leased MallsFigure 4.3.2 Bandung In
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Leased Malls• In terms of reasons
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Leased Mallsand approximately 38,00
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Leased MallsWhile BIP is likely to
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Leased MallsFigure 4.4.2 Istana Pla
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Leased Malls• The main reason sta
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Leased Malls• Cihampelas Walk is
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Leased MallsFigure 4.4.4: Istana Pl
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Leased MallsOn the completion of th
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Leased MallsThe target market for M
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Leased MallsThe current Hypermart e
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Leased MallsFigure 4.6.2 Gajah Mada
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Leased Malls• Of all the malls in
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Leased Mallshypermart. The centre a
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Leased MallsTable 4.6.7: Rental pos
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Leased Malls4.7.3 Tenant mixThe cur
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Leased Mallsprimarily the city of B
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Leased MallsTable 4.7.5: Main compe
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Retail Spaces Malls5. RETAIL SPACES
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Retail Spaces MallsIn addition, loc
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Retail Spaces MallsThe store target
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Retail Spaces MallsTable 5.3.1: Cen
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Retail Spaces MallsFigure 5.3.3: Gr
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Retail Spaces MallsThis relatively
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Retail Spaces MallsStrata title sho
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Retail Spaces MallsMadiun are locat
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Retail Spaces MallsFigure 5.6.3 Pla
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Retail Spaces MallsThe centre has t
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Appendix GTERMS, CONDITIONS AND PRO
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Appendix G(15) The Manager reserves
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Appendix GAdditional Terms and Cond
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Appendix G(10) By completing and de
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Appendix GAdditional Terms and Cond
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Appendix GWhere your Electronic App
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Appendix GApplication to the Manage
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Appendix GTerms and Conditions for
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Appendix HLIST OF PRESENT AND PAST
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Appendix H(6) Mr Tan Boon LeongCurr
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Appendix HCurrent DirectorshipsMapl
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Appendix HCurrent DirectorshipsMapl
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LIPPO-MAPLETREE INDONESIA RETAIL TR
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