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

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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 <strong>Indonesia</strong>n <strong>Retail</strong> 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 <strong>Indonesia</strong>n <strong>Retail</strong> 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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