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Business and propertiesPLAZA MADIUNJalan Pahlawan, Madiun, East JavaDescriptionThe city of Madiun, with a total population of 0.2 million (based on a 2005 census), is the capital city ofMadiun regency in the East Java province. The Madiun regency has a total land area of 1,011 sq km and itspopulation exceeds 0.6 million (based on a 2001 census). (See “Appendix F—Independent Report on theIndonesian Retail Property Market”.)Madiun has benefited from its position which connects major cities in Central and East Java. It is the homeof Indonesia’s first and largest train manufacturer and is a major sugar producer in Java. The industrialsector and trade, hotel and restaurant businesses are key revenue generators for the city, havingcontributed around 27.0% and 20.0%, respectively, to Madiun’s GRDP (based on economic statisticsin 2004).Plaza Madiun is located along Jalan Pahlawan, a major road of the city which is also the primarythoroughfare in the city of Madiun. The street is positioned in the centre of the commercial andadministrative zone, at the crossroad of three existing subdistricts of Madiun. Most of the prominentbuildings in Madiun are included in this precinct, including the City Hall, Merdeka Hotel, Tentara Hospitaland Pasaraya Shopping Centre. Jalan Pahlawan is accessible from Jalan Sudirman, another majorthoroughfare in the city.Plaza Madiun enjoys high pedestrian traffic from Jalan Pahlawan and is in close proximity to various formsof public transportation options.Plaza Madiun, aggregating a total NLA of 19,029 sq m situated on two HGB titles, comprises thebasement, first floor, second floor and third floor and are currently occupied by a supermarket and adepartment store.180