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

LIPPO-MAPLETREEINDONESIA RETAIL TRUSTLIPPO-MAPLETREE INDONESIA RETAIL TRUSTLippo-Mapletree Indonesia Retail Trust (“LMIR Trust”) is aSingapore-based real estate investment trust (“REIT”) establishedwith the principal investment objective of owning andinvesting on a long-term basis in a diversified portfolio of incomeproducingreal estate in Indonesia that are primarily used forretail and/or retail-related purposes, and real estate relatedassets in connection with the foregoing purposes.LMIR Trust’s initial asset portfolio will comprise seven retailmall properties (“Retail Malls”) and seven retail spaces locatedwithin other retail malls (“Retail Spaces”, and collectively withthe Retail Malls, the “Properties”) valued at S$1,004.7 million (1) .The Properties are strategically located in major cities ofIndonesia with large population catchment areas and areaccessible via major transportation routes and highways.(1) As at 30 June 2007, the Properties were valued at an aggregate of S$1,004.7 millionby Knight Frank / PT. Willson Properti Advisindo, as the Independent Valuer tothe Manager (“Knight Frank”) and at S$1,016.3 million by Colliers International /PT Penilai, as the Independent Valuer to the Trustee (“Colliers”). The Manager hasadopted Knight Frank’s valuation as the basis for determination of the fair marketvalue of the Properties and the net asset value per Unit.