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Business and propertiesThe second level of the mall is anchored by Matahari Department Store and Toko Gunung Agungbookstore. Lifestyle retailers include Extreme Store and MG Music. Yogya Supermarket anchors thesouthern end of this level.The third level of the mall comprises Studio 21 Cinema (which has six screens), Timezone and a new foodcourt.As at 30 June 2007, the average monthly rental rate of specialty stores is approximately Rp. 274,000 persq m.Asset enhancement plansThe mall has recently completed asset enhancement works which have increased NLA by 3,843 sq m.These asset enhancement initiatives have added another 50 parking lots to the basement carpark;relocate existing tenants to create new lease units in accordance with the new building lay outarrangement; improved the mall appearance through more colourful and attractive lighting; andimproved the mall directory with an elegant and trendy design.The following chart provides a breakdown (by area) of the various trade sub-sectors represented inBandung Indah Plaza as at 30 June 2007:Bandung Indah Plaza—Trade sector analysis (By area)Trade sub sector Contribution (%)Department StoreSupermarket/HypermarketOtherFood & Beverage/Food CourtLeisure & EntertainmentFashionSports & FitnessBooks & StationeryServicesHobbiesGifts & SpecialtyToysHome FurnishingsEducation/SchoolElectronic/IT20.715.412.611.911.310.35.53.22.32.21.81.30.70.60.2160
Business and propertiesThe table below sets out information on the 10 largest tenants of Bandung Indah Plaza based onCommitted Leases as at 30 June 2007:Tenant Business sector Lease expiry datePercentage oftotal NLAPercentage of thetotal base rentalincome of BandungIndah Plaza basedon Committed Leasesas at 30 June 2007(%) (%)Matahari DepartmentStore . . . . . . . . . . Department Store 31 May 2015 22.8 11.6Hypermart . . . . . . . . Supermarket/Hypermarket 31 May 2015 16.9 6.5Toko Buku GunungAgung . . . . . . . . . Books & Stationery 23 May 2011 3.5 3.9McDonald’s . . . . . . . F&B 16 November 2009 2.2 2.4Rice Bowl . . . . . . . . F&B 29 June 2011 0.8 2.2Extreme Store . . . . . Fashion 15 September 2011 1.2 2.2Felice. . . . . . . . . . . . Fashion 16 March 2011 0.4 1.9Studio 21 Cinema . . . Leisure & Entertainment 31 December 2015 6.8 1.6Texas Chicken . . . . . F&B 4 Aug 2013 1.1 1.4Timezone . . . . . . . . . Leisure & Entertainment 31 May 2015 2.1 1.410 largest tenants . . . — — 57.8 35.0 (1)Other tenants . . . . . . — — 42.2 65.0Total ............ — — 100.0 100.0(1) Due to rounding differencesExpiry profileThe following table sets out the expiry profiles of the tenancies at Bandung Indah Plaza as at 30 June2007:PeriodTotal number ofleases expiringNLA of expiringleasesMonthly gross rentof expiring leasesas a percentage offorecast rentalincomeExpiring leases asa percentage of NLAas at 30 June 2007(sq m) (%) (%)FY2007 . . . . . . . . . . . . . . . . 3 157 0.2 0.6FY2008 . . . . . . . . . . . . . . . . 7 208 1.3 0.8FY2009 . . . . . . . . . . . . . . . . 5 221 1.0 0.8Beyond FY2009 . . . . . . . . . . 165 21,430 69.1 81.0Vacant . . . . . . . . . . . . . . . . . — 4,456 28.4 16.8Total .................. 180 26,472 100.0 100.0CompetitionExisting: Bandung Indah Plaza currently faces competition within its trade area from five competingretail malls, each located within a five km radius from Bandung Indah Plaza, and comprising an aggregateNLA of approximately 145,000 sq m, being Bandung Supermall, Riau Junction, Cihampelas Walk, ParisVan Java and Istana Plaza (one of the <strong>Retail</strong> <strong>Malls</strong>). Among these competing retail malls, Riau Junctionand Paris Van Java are new malls which commenced operations in the first half of 2007.• Bandung Supermall, located four km southeast of Bandung Indah Plaza, with a NLA of 48,800 sq m, isanchored by Metro department store and Giant Hypermarket. The mall targets the upper income retailsegment in Bandung and has a strong entertainment offering, including a cinema, a bowling centre anda video games centre.161
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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 125 and 126: Profit forecast and profit projecti
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Page 143 and 144: Business and propertiesINFORMATION
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Page 165 and 166: Business and propertiesMAL LIPPO CI
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Page 175: Business and propertiesBANDUNG INDA
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Page 181 and 182: Business and propertiesISTANA PLAZA
Page 185 and 186: Business and propertiesThe Istana P
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Page 203 and 204: Business and propertiesSun PlazaMed
Page 205 and 206: The Manager and corporate governanc
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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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