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

Business and propertiesEKALOKASARI PLAZAJalan Siliwangi 123, Bogor, Greater JakartaBogor profileBogor, a city in West Java, has a total population of approximately of 3.0 million, made up of approximately0.9 million in the town area and 2.0 million in the suburban areas. From 2000 to 2004, the city’s populationgrew annually at 3.9%. The city is on the main road from Jakarta to Bandung, over the Puncak pass. It isalso a popular weekend getaway for families from Jakarta.DescriptionEkalokasari Plaza is a six storey with three basement levels retail mall with a carpark comprising 390parking lots. The mall is located approximately two km south east of the Bogor City Centre on a major road,Jalan Siliwangi, and approximately 3.5 km south or five minutes drive from the Bogor exit of the Jagorawitoll road which connects Jakarta to Bogor. Bogor is approximately 50 km south of Jakarta and had apopulation of approximately 855,000 as at 2002. Ekalokasari Plaza is positioned as the retail mall ofconvenience and choice for its population catchment and provides a comprehensive retail mix anchoredby Matahari Department Store, Foodmart supermarket, two large bookstores and a concentration offashion labels and outlets. Ekalokasari Plaza has recently completed a S$2.0 million expansion andrenovation programme for the third and mezzanine floors. The new expanded area will house a food courtand is also intended to include a fitness centre and a cinema.Tenant profileAs at 30 June 2007, Ekalokasari Plaza has 107 retail tenants based on Committed Leases. The tenantprofile of the mall comprises a diverse set of tenants. There are 107 specialty stores to cater to familyshoppers, with products and services ranging from fashion to music. The mall is anchored by MatahariDepartment Store and Foodmart supermarket which account for 21.6% of monthly Gross Rent. Theanchor tenants, together with the Timezone amusement centre, occupy the lower ground to the second154