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

Business and propertiesmainly focuses on providing day-to-day necessities and groceries, with limited F&B and productofferings.• SGC Cikarang, a strata mall located nine km to the north of Mal Lippo Cikarang, with a NLA ofapproximately 29,150 sq m, and is anchored by Ramayana hypermarket.• Cikarang Trade Centre, a strata mall located two km north of Mal Lippo Cikarang, with a NLA of 10,000sq m. The mall does not have an anchor tenant and targets the low to middle income segment ofshoppers.Future: “Appendix F—Independent Report on the Indonesian Retail Property Market” indicates that, atpresent, there are no known proposals for new centres that may compete directly with Mal Lippo Cikarang.However, given the relative strength of retail supply in recent years, it is possible that such 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 Mal Lippo Cikarang.Year of building completion . . . . . . . . 1995Land Area . . . . . . . . . . . . . . . . . . . . .49,250 sq mGFA as at 30 June 2007 . . . . . . . . . . 25,767 sq mNLA as at 30 June 2007 . . . . . . . . . . 17,974 sq m (1)Occupancy rate as at 30 June 2007. . 96.3%Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$80.2 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$79.7 millionCar parking lots . . . . . . . . . . . . . . . . . 513Motorcycle parking lots . . . . . . . . . . . 950Population catchment . . . . . . . . . . . . 84,962 households (2)Title . . . . . . . . . . . . . . . . . . . . . . . . . .Average Specialty Base Rent as at30 June 2007 (Rp.’000 per sq m permonth) . . . . . . . . . . . . . . . . . . . . . . . 105NPI for Forecast Period 2007,Projection Year 2008 and ProjectionYear 2009 (S$’000) . . . . . . . . . . . . . . Forecast Period 2007—2,589Mal Lippo Cikarang was built on a plot of land of 49,250 sq mbased on Measurement Letter No. 19128/1994 dated 25 August1994 and Certificate of Right to Build (HGB title)No. 627/ Kelurahan Cibatu, registered under the name ofPT Graha Nusa Raya, issued by Bekasi Land Office on9 December 1994, and valid until 5 May 2023 and isextendable for another term of up to 20 years. Followingexpiration of this additional term, a renewal application maybe made. (See “Overview of the Relevant Laws andRegulations in Indonesia—Rights to Own and/or to Use—HakGuna Bangunan (HGB/Right to Build)”.)Projection Year 2008—5,548Projection Year 2009—5,729152