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

Business and propertiesHypermarket, Galleria, Zara, Watson’s Personal Care Store, Metro department store, Nichols Edwards,and local retailers such as Hero Supermarket and Matahari Department Store. Many of these retail mallscompete for the same target segment as The Plaza Semanggi and may potentially impact the salesgrowth that can be achieved at The Plaza Semanggi.The largest competing retail malls within a six-km radius are:• Pondok Indah Mall, situated six km to the southwest of The Plaza Semanggi, with a NLA ofapproximately 100,000 sq m, and is anchored by Giant Hypermarket, Sogo and Metro departmentstores, Zara and Studio 21 Cinema.• Mal Taman Anggrek, situated five km to the northwest of The Plaza Semanggi, with a NLA ofapproximately 97,000 sq m, with a tenant profile including Metro and Galleria department stores aswell as Hero Supermarket.• Plaza Senayan and the recently opened Senayan City, situated just two km to the southwest of ThePlaza Semanggi, with an aggregate NLA of approximately 80,000 sq m. Both retail malls targetshoppers in the middle to upper income segment, with Plaza Senayan focusing on a slightly moreaffluent target segment.• Mal Ciputra, situated six km north of The Plaza Semanggi, with a NLA of 51,000 sq m, and anchored byBatik Keris, Matahari and Hero Supermarket.• Plaza Indonesia, situated three km north of The Plaza Semanggi, with a NLA of approximately42,000 sq m, is a high-end retail mall targeting the upper income shopper segment whichcomprises mainly high-end retailers, including a Debenham’s department store.• Jakarta City, situated three km north of The Plaza Semanggi, is a strata mall anchored by a Hypermartbut does not house a department store.Future: The competitive environment of The Plaza Semanggi’s trade area is expected to intensify overthe next five years, with the planned development of a number of new competing retail malls.There are a number of new retail projects currently under construction which will target the middle incomehouseholds within The Plaza Semanggi’s population catchment. These developments will add anaggregate NLA of 318,900 sq m to Jakarta’s CBD and are scheduled to be completed by the end of 2009.These developments include:• Pacific Place, located one km from The Plaza Semanggi, with a NLA of approximately 75,000 sq m, andwill be anchored by Metro department store and Kidzania.• Grand Indonesia, located three km away from The Plaza Semanggi, with a NLA of approximately108,000 sq m, and will be anchored by Seibu, Harvey Nichols and Blitz Megaplex (a cinema operator).• Citywalk Sudirman @ Cityloft, located two km away from The Plaza Semanggi, with a NLA ofapproximately 17,300 sq m.• Main Street Gandaria, located five km away from The Plaza Semanggi, with a NLA of approximately94,000 sq m, and will be anchored by Metro department store, Fitness First, Studio and ElectronicSolutions.• Plaza Indonesia extension, which will increase its current NLA of 42,000 sq m by an additional25,386 sq m.• Kota Kasablanca, located three km away from The Plaza Semanggi, with a NLA of approximately62,000 sq m and anchored by Sogo department store and Fitness First.• Kemang City Mall, located five km away from The Plaza Semanggi, with a NLA of approximately56,052 sq m.• Sudirman Place, located one km away from The Plaza Semanggi, with a NLA of approximately31,000 sq m.146