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Business and propertiesThe table below sets out information on the 10 largest tenants of Cibubur Junction based on CommittedLeases as at 30 June 2007:Percentage oftotal NLAPercentage of thetotal base rentalincome of CibuburJunction based onCommitted Leasesas at 30 June 2007Tenant Business sector Lease expiry date(%) (%)Hypermart. . . . . . . . . . . Supermarket/Hypermarket 27 July 2015 25.8 14.2Matahari DepartmentStore . . . . . . . . . . . . . Department Store 30 August 2015 16.7 11.2Fitness First . . . . . . . . . Sports & Fitness 14 April 2021 4.9 3.0Solaria . . . . . . . . . . . . . F&B 14 April 2012 1.4 2.8Sport Warehouse. . . . . . Fashion 9 December 2010 2.1 2.1Studio 21 . . . . . . . . . . . Leisure & Entertainment 23 March 2016 4.7 1.6A&W . . . . . . . . . . . . . . . F&B 30 November 2012 0.7 1.6Karisma . . . . . . . . . . . . Books and Stationery 30 November 2010 2.1 1.5TimeZone . . . . . . . . . . . Leisure & Entertainment 30 October 2015 2.3 1.5Ring Master . . . . . . . . . . F&B 29 March 2011 0.6 1.310 largest tenants . . . . . — — 61.3 (1) 40.8Other tenants . . . . . . . . — — 38.7 59.2Total .............. — — 100.0 100.0Note:(1) Due to rounding differences.Expiry profileThe following table sets out the expiry profiles of the tenancies at Cibubur Junction as at 30 June 2007:PeriodTotal number ofleases expiringNLA of expiringleasesMonthly gross rentof expiring leasesas a percentage offorecast rentalincomeExpiring leases asa percentage of NLAas at 30 June 2007(sq m) (%) (%)FY2007 . . . . . . . . . . . . . . . . 4 83 0.7 0.2FY2008 . . . . . . . . . . . . . . . . 6 237 1.7 0.7FY2009 . . . . . . . . . . . . . . . . 7 287 1.8 0.8Beyond FY2009 . . . . . . . . . . 146 28,892 71.5 84.6Vacant . . . . . . . . . . . . . . . . . — 4,641 24.3 13.6Total .................. 163 34,139 (1) 100.0 100.0 (1)Note:(1) Due to rounding differences.CompetitionExisting: Cibubur Junction currently faces competition from the following smaller retail malls within a10-km radius.• Plaza Cibubur, located three km from Cibubur Junction, which commenced operations in 2001 and hasa NLA of 17,000 sq m, anchored by Superindo Supermarket and Karisma bookstore.• Mal Citra Gran, which commenced operations in 2001 and located five km from Cibubur Junction, has aNLA of 10,900 sq m and is anchored by Hero Supermarket.140
Business and properties• Mal Cimanggis, which commenced operations in 2003, is located six km away with a NLA of12,000 sq m, and is anchored by Naga supermarket.The above three competing retail malls position themselves as a convenient shopping location, asopposed to a destination mall, therefore targeting only their immediate population catchment.Within a 10-km radius, other competing retail malls include:• Cileungsi Trade Centre, a strata mall with a NLA of 10,000 sq m, located eight km away with no anchortenants.• Tamini Square, a strata mall with a NLA of 35,000 sq m, located nine km away and anchored byCarrefour hypermarket and Cahaya Department Store.Despite the distance from Cibubur Junction, Cileungsi Trade Centre and Tamini Square compete forshoppers within their primary and secondary trade areas.Future: “Appendix F—Independent Report on the Indonesian Retail Property Market” indicates that, atpresent, there are no known proposals for new centres to compete directly with Cibubur Junction.However, given the relative strength of retail supply in recent years, it is possible that competingcentres will be developed in the future.(See “Appendix F—Independent Report on the Indonesian Retail Property Market”.)Other informationThe following table sets out other relevant information relating to Cibubur Junction.Year of building completion . . . . . . . . 2005Land Area . . . . . . . . . . . . . . . . . . . . .GFA as at 30 June 2007 . . . . . . . . . .NLA as at 30 June 2007 . . . . . . . . . .31,987 sq m49,341 sq m34,139 sq mOccupancy rate as at 30 June 2007. . 86.4%Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$94.2 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$101.8 millionCar parking lots . . . . . . . . . . . . . . . . . 611Motorcycle parking lots . . . . . . . . . . . 500Population catchment . . . . . . . . . . . . 422,862 households (1)Title . . . . . . . . . . . . . . . . . . . . . . . . . .Cibubur Junction is owned by PT Cibubur Utama and was builtpursuant to a BOT Scheme based on the deed of cooperationagreement on Land Utilisation for Construction andDevelopment of a Shopping Centre Located at Cibubur—EastJakarta (Perjanjian Kerjasama tentang Pendayagunaan LahanUntuk Pembangunan dan Pengembangan Gedung PusatPerbelanjaan terletak di Cibubur—Jakarta Timur) No. 68,dated 28 July 2003, between PD Pembangunan Sarana JayaDKI Jakarta as BOT Grantor and PT Cibubur Utama as BOTGrantee, made before Imas Fatimah S.H., Notary in Jakarta, asamended by Addendum I dated 25 November 2004 andAddendum II dated 26 November 2004.PD Pembangunan Sarana Jaya DKI Jakarta, as BOT Grantor,owns a plot of land located in Cibubur covering an area of 31,987sq m based on Certificate of HGB No. 01210/Cibubur dated141
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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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Risk factorsafter the proposed plan
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Risk factorsIf the tenure of the un
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Risk factorsThe Properties may be s
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Risk factorsRenovation work or phys
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Risk factorsSuch compulsory acquisi
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Risk factorsthereby materially and
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Risk factorsinterpretation by the I
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Risk factors• broad market fluctu
Page 105 and 106: Ownership of UnitsPRINCIPAL UNITHOL
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Page 141 and 142: Business and propertiesThe followin
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 159 and 160: Business and propertiesTHE PLAZA SE
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Page 165 and 166: Business and propertiesMAL LIPPO CI
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Page 175 and 176: Business and propertiesBANDUNG INDA
Page 179 and 180: Business and propertiesAmendment to
Page 181 and 182: Business and propertiesISTANA PLAZA
Page 185 and 186: Business and propertiesThe Istana P
Page 187 and 188: Business and propertiesRelevant inf
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Page 201 and 202: Business and propertiesDescriptionP
Page 203 and 204: 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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