LIPPO-MAPLETREE - Lippo Malls Indonesia Retail Trust - Investor ...

Business and properties200 sq m and is usually leased out for specialty products. The ground floor area is approximately 400 sq mand is usually leased out for automotive exhibitions.The upper ground and first floor are anchored by the Matahari Department Store, which is expanding to thesecond floor. The expanded Matahari Department Store accounts for 16.7% of the NLA as at 30 June2007. The upper ground and first floor comprise a mix of specialty retailers in trade sectors such asfashion, children’s wear, accessories and beauty. A large Sports Warehouse store is on the first floor whileKarisma Bookstore is on the upper ground.The tenant mix on the second floor focuses on entertainment and lifestyle. This floor includes theexpanded Matahari Department Store, Timezone, Fitness First and Studio 21 Cinema. There are alsoa large number of small tenancies such as electronics and handphone retailers. The top level comprisesFitness First and Studio 21 Cinema (which has four screens).As at 30 June 2007, the average monthly rental rate of specialty stores in Cibubur Junction isapproximately Rp. 200,000 per sq m.Asset enhancement plansCurrent asset enhancement plans include the expansion of the Matahari Department Store to the thirdlevel and relocation of the food court to the basement to achieve better synergies.The following chart provides a breakdown (by area) of the various trade sub-sectors represented inCibubur Junction as at 30 June 2007:Cibubur Junction—Trade sector analysis (By area)Trade sub sector Contribution (%)Supermarket/HypermarketDepartment StoreFood & Beverage/Food CourtFashionLeisure & EntertainmentSports & FitnessHome FurnishingsServicesBooks & StationeryOtherElectronic/ITToysGifts & SpecialtyHobbies26.417.115.29.77.87.25.52.62.52.21.81.00.70.3139