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

Business and propertiesrelated corporations, alone or in aggregate, remains a controlling shareholder of the Manager, a ROFRover any Relevant Asset (i) which any Sponsor Entity proposes to sell or transfer (whether such RelevantAsset is wholly-owned or partly-owned by the Sponsor Entity and excluding any sale of such RelevantAsset by a Sponsor Entity to any related corporation of such Sponsor Entity pursuant to a reconstruction,amalgamation, restructuring, merger or any analogous event) to an unrelated third party or (ii) for which aproposed offer for sale or transfer of such Relevant Asset has been made to a Sponsor Entity (see“Certain Agreements Relating to LMIR Trust and the Properties—Description of the Right of First RefusalAgreement”).As at the Latest Practicable Date, the ROFR Properties are expected to have an aggregate GFA ofapproximately 397,080 sq m, and an aggregate NLA of approximately 273,074 sq m. If LMIR Trustacquires all the ROFR Properties, the aggregate NLA of LMIR Trust’s initial property portfolio will increaseby over 270,000 sq m, and will represent approximately 87.1% of the aggregate NLA of LMIR Trust’s initialproperty portfolio as at 30 June 2007.The Manager believes that the ROFR granted to LMIR Trust provides a visible pipeline of futureacquisitions and will greatly enhance LMIR Trust’s growth profile given the size and quality of theROFR Properties, as well as significantly increase LMIR Trust’s presence in the Indonesian retail markets.The following tables set out the relevant information relating to the ROFR Properties.Binjai SupermallJalan Soekarno Hatta, Binjai, North SumatraExpected completion date . . . . . . . . . . . . . . . . . .EstimatedGFA ..........................EstimatedNLA ..........................Target segment . . . . . . . . . . . . . . . . . . . . . . . . . .District/Area . . . . . . . . . . . . . . . . . . . . . . . . . . . .Fourth quarter of 200723,615 sq m18,300 sq mMiddle to middle-upper income groups in Medan,North Sumatra and the surrounding suburbanareas.Medan, North SumatraDescriptionBinjai Supermall, when completed, will be a two-level retail mall prominently located along the main roadfrom North Sumatra to Medan. The mall has a wide population catchment area which covers Binjai andMedan. There are approximately 2.2 million people within its immediate catchment area.Positioned as a lifestyle mall for the middle to upper middle income segments of the retail market, BinjaiSupermall targets a wide range of customers, including families, business people and teenagers. Thepotential strong tenancy mix, which includes an amusement centre and plentiful food and cafe outlets, willdraw shoppers to the mall.Pejaten MallJalan Warung Jati Barat, South JakartaExpected completion date . . . . . . . . . . . . . . . . . .EstimatedGFA ..........................EstimatedNLA ..........................Target segment . . . . . . . . . . . . . . . . . . . . . . . . . .District/Area . . . . . . . . . . . . . . . . . . . . . . . . . . . .Second quarter of 200857,948 sq m40,327 sq mMiddle to upper income residents from SouthJakarta and the surrounding suburban areas.South Jakarta184