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Business and propertiesThe table below sets out information on the 10 largest tenants of Ekalokasari Plaza based on CommittedLeases as at 30 June 2007:Tenant Business sector Lease expiry datePercentage oftotal NLAPercentage of thetotal base rental incomeof Ekalokasari Plazabased on CommittedLeases as at 30 June 2007(%) (%)Matahari Department Store/Matahari Marketplacesupermarket . . . . . . . . . . Department Store/ 23 March 2015 48.2 21.6SupermarketGramedia bookstore . . . . . . Books & Stationery 22 May 2014 5.9 5.4Karisma . . . . . . . . . . . . . . . Books & Stationery 29 February 2024 4.7 4.0Number 61 . . . . . . . . . . . . . Fashion 11 December 2008 1.3 3.6Kentucky Fried Chicken . . . . F&B 12 December 2023 2.1 3.0Popeye restaurant . . . . . . . . F&B 18 December 2013 1.5 2.9Es Teler 77 . . . . . . . . . . . . . F&B 30 April 2009 0.6 2.2Bata. . . . . . . . . . . . . . . . . . Fashion 12 March 2009 0.5 1.8Steak 21 . . . . . . . . . . . . . . F&B 20 June 2010 0.7 1.7Duta Suara . . . . . . . . . . . . . Hobbies 05 March 2009 0.5 1.710 largest tenants . . . . . . . . — — 66.1 (1) 48.0 (1)Other tenants . . . . . . . . . . . — — 33.9 52.0Total ................. — — 100.0 100.0Note:(1) Due to rounding differences.Expiry profileThe following table sets out the expiry profiles of the tenancies at Ekalokasari Plaza as at 30 June 2007:PeriodTotal number ofleases expiringNLA ofexpiringleasesMonthly Gross Rentof expiring leasesas a percentage offorecast rentalincomeExpiring leases asa percentage of NLAas at 30 June 2007(sq m) (%) (%)FY2007. . . . . . . . . . . . . . . . . . . . . 13 256 2.9 1.2FY2008. . . . . . . . . . . . . . . . . . . . . 15 1,186 8.8 5.8FY2009. . . . . . . . . . . . . . . . . . . . . 33 1,683 16.7 8.2Beyond FY2009 . . . . . . . . . . . . . . 46 14,838 31.8 72.1Vacant . . . . . . . . . . . . . . . . . . . . . — 2,624 39.8 12.7Total. ...................... 107 20,587 100.0 100.0CompetitionExisting: Ekalokasari Plaza currently faces competition within a 10-km radius from seven retail mallswith an aggregate NLA of 192,300 sq m.The competing retail malls within a six-km radius include:• Botani Square, which commenced operations in late 2006, is located two km northwest of EkalokasariPlaza. It has a NLA of approximately 30,000 sq m and is anchored by Giant Hypermarket and a smallRimo Department Store.156
Business and properties• Pangrango Plaza, a strata mall located three km northwest of Ekalokasari Plaza, with a NLA of30,000 sq m, is anchored by Sarinah department store, Toka Bookstore and occupied by a large numberof strata units. The mall targets the low to middle income market.• Bogor Trade Mall, a strata mall located four km west of Ekalokasari Plaza, with a NLA of 45,000 sq m, isanchored by Ramayana department store.• Plaza Jambu Dua, located seven km north of Ekalokasari Plaza, with a NLA of 20,800 sq m, is anchoredby Ramayana department store.• Plaza Bogor, located three km west of Ekalokasari Plaza, with a NLA of 27,500 sq m, is anchored byRobinson’s department store.Future: Future competition will come from the proposed extension to Botani Square as mentionedabove. Apart from this, “Appendix F—Independent Report on the Indonesian Retail Property Market”indicates that, at present, there are no known proposals for new centres to compete directly withEkalokasari Plaza. However, given the relative strength of retail supply in recent years, it is possiblethat competing centres 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 Ekalokasari Plaza.Year of building completion . . . . . . . . 2003Land Area . . . . . . . . . . . . . . . . . . . . .GFA as at 30 June 2007 . . . . . . . . . .10,500 sq m39,895 sq mNLA as at 30 June 2007 . . . . . . . . . . 20,587 sq m (1)Occupancy rate as at 30 June 2007. . 87.3%Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$66.0 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$68.1 millionCar parking lots . . . . . . . . . . . . . . . . . 390Motorcycle parking lots . . . . . . . . . . . 382Population catchment . . . . . . . . . . . . 144,451 households (2)Title . . . . . . . . . . . . . . . . . . . . . . . . . .Ekalokasari Plaza is owned by PT Indah Pesona Bogor and wasbuilt pursuant to a BOT Scheme based on the CooperationAgreement (Perjanjian Kerjasama) between IPB representedby PT Bogor Life Science and Technology as BOT Grantor andPT IPB as BOT Grantee, as stipulated under Deed No. 133 dated27 June 2001, made before Natalia Lini Handayani S.H., Notaryin Bogor and amended by Addendum dated 9 February 2004,Notary in Bogor, as amended by Deed of AmendmentAgreement No. 7 dated 25 April 2007, drawn up before DindinSaepudin, SH, Notary in Bandung.Pursuant to this BOT Agreement, IPB grants to PT IPB a plot ofland with HP Title No. 1/Sukasari, an area of approximately10,500 sq m, located at JI Siliwangi No. 123, Bogor, registeredunder the ame of the Department of Education and Culture(Departemen Pendidikan dan Kebudayaan) c.q IPB, which willbe valid as long as the land is being used. The operating period157
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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
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Ownership of UnitsPRINCIPAL UNITHOL
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DistributionsThe distributable inco
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Exchange rates and exchange control
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CapitalisationThe following table s
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Unaudited pro forma consolidated ba
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Profit forecast and profit projecti
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Page 143 and 144: Business and propertiesINFORMATION
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Page 153 and 154: Business and properties“Overview
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Page 165 and 166: Business and propertiesMAL LIPPO CI
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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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