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Business and properties• Paris Van Java, located four km northwest of Bandung Indah Plaza, with a NLA of 38,000 sq m, isanchored by Sogo Department Store, Carrefour hypermarket and Blitz Megaplex Cinemas. The mallcommenced its operations in 2006, and is still in process of leasing its retail space. It’s retail offering andcompetitive position may improve once all of its tenancies are occupied and completed.• Istana Plaza, which is located two km from Bandung Indah Plaza, and is one of the Retail Malls in LMIRTrust’s initial property portfolio.• Cihampelas Walk, located two km away from Bandung Indah Plaza, with a NLA of 28,400 sq m, isanchored by Yogya Supermarket and department store.• Riau Junction, located less than one km away from Bandung Indah Plaza, with a NLA of 6,400 sq m, isanchored by Yogya Supermarket and department store with a number of food retailers on its third level.With its relative small size and limited offering, the mall mainly offers daily necessity shopping toshoppers.Future: “Appendix F—Independent Report on the Indonesian Retail Property Market” indicates that, atpresent, there are no known proposals for new centres to compete directly with Bandung Indah Plaza.However, given the relative strength of retail supply in recent years, particularly in Greater Jakarta, it ispossible that future centres will be developed in Bandung.(See “Appendix F—Independent Report on the Indonesian Retail Property Market”.)Other informationThe following table sets out other relevant information relating to Bandung Indah Plaza.Year of building completion . . . . . . . . 1990Land Area . . . . . . . . . . . . . . . . . . . . .15,779 sq mGFA as at 30 June 2007 . . . . . . . . . . 55,196 sq mNLA as at 30 June 2007 . . . . . . . . . . 26,472 sq m (1)Occupancy rate as at 30 June 2007. . 83.2%Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$124.5 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$135.1 millionCar parking lots . . . . . . . . . . . . . . . . . 602Motorcycle parking lots . . . . . . . . . . . 700Population catchment . . . . . . . . . . . . 124,947 households (2)Title . . . . . . . . . . . . . . . . . . . . . . . . . .Bandung Indah Plaza is owned by PT Megah Semesta Abadiand was built pursuant to a BOT Scheme based on thecooperation agreement on the renovation development andmanagement of Hotel Pakunegara, Bandung (PerjanjianKerjasama Pemugaran Pembangunandan Pengelolaan HotelPakunegara) between Perusahaan Daerah Jasa DanKepariwisataan Propinsi Jawa Barat, and formerly known asPerusahaan Daerah Kerta Wisata Jawa Barat andPT Bhuwanatala Inda Permai Tbk (formerly known asPT Bandung Indah Plaza Permai) (“Bandung Indah PlazaCooperation Agreement”) and was novated by a novationagreement to PT Megah Semesta Abadi from PT BhuwanatalaIndah Permai Tbk. on 29 December 2003.The Bandung Indah Plaza Cooperation Agreement has beenamended several times, among others with (i) Restatement and162
Business and propertiesAmendment to the Cooperation Agreement on the Renovation,Development and Management of Hotel Pakunegara, Bandung(Expansion and Renovation of Shopping Centre—PernyataanKembali dan Perubahan Perjanjian Kerjasama Pemugaran,Pembangunan dan Pengelolaan Hotel Pakunegara Bandung(Kerjasama, Perluasan dan/atau Renovasi Mall)) as stipulatedunder Deed No. 50, dated 19 July 2005, made before Ina YulantiS.H., substitute for Tien Norman Lubis S.H., Notary in Bandungand (ii) Cooperation Agreement as stipulated under Deed No. 34,dated 22 December 2005, drawn up before Tien Norman LubisS.H.Notary in Bandung (“Amendment of the CooperationAgreement”). The Bandung Indah Plaza CooperationAgreement, its amendments and the novation agreement arejointly referred to as the “Bandung Indah Plaza BOTAgreement”.The term of the Bandung Indah Plaza BOT Agreement is for30 years as of the commencement of commercial operation andwill expire on 31 December 2030.Bandung Indah Plaza was built on the following:(a)(b)HGB Title No. 26/Citarum registered under the name ofPT Megah Semesta Abadi expiring on 14 August 2010,covering an area of 1,066 sq m; andThe following HGB titles over HPL Titles No. 1/Cihapit,No. 1/Citarum, No. 1/Merdeka, and No. 2/Citarum,registered under the name of Perusahaan Daerah JasaDan Kepariwisataan Propinsi Jawa Barat, which will bevalid as long as the lands are being used:(i)(ii)(iii)(iv)(v)(vi)(vii)HGB Title No. 130/Citarum, registered under thename of PT Megah Semesta Abadi expiring on20 October 2017, covering an area of 160 sq m;HGB Title No. 131/Citarum, registered under thename of PT Megah Semesta Abadi, expiring on20 October 2017, covering an area of 1,121 sq m;HGB Title No. 64/Citarum, registered under thename of by PT Megah Semesta Abadi, expiring on20 October 2017, covering an area of 5,015 sq m;HGB Title No. 65/Citarum, registered under thename of by PT Megah Semesta Abadi expiring on8 September 2019, covering an area of 1,355 sq m;HGB Title No. 69/Citarum, registered under thename of by PT Megah Semesta Abadi expiring on8 September 2019, covering an area of 527 sq m;HGB Title No. 89/Merdeka, registered under thename of by PT Megah Semesta Abadi expiring on30 January 2021, covering an area of 3,665 sq m;andHGB Title No. 90/Merdeka, registered under thename of by PT Megah Semesta Abadi expiring on30 January 2021, covering an area of 2,870 sq m.Perusahaan Daerah Jasa & Keparawisataan Jawa Barat (asBOT Grantor) allows PT Megah Semesta Abadi (as BOT163
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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 159 and 160: Business and propertiesTHE PLAZA SE
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Page 165 and 166: Business and propertiesMAL LIPPO CI
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Page 175 and 176: Business and propertiesBANDUNG INDA
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Page 185 and 186: Business and propertiesThe Istana P
Page 187 and 188: Business and propertiesRelevant inf
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Page 203 and 204: Business and propertiesSun PlazaMed
Page 205 and 206: The Manager and corporate governanc
Page 225 and 226: The SponsorThe business structure o
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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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