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

The SponsorFinancial year ended 31 December 2006(Rp. millions) (S$’000) (%)Housing and Land Development . . . . . . . . . . . . . . . . . . . . . . . . . . 952,246 165,034 50.0Healthcare. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 573,496 99,393 30.1Hospitality and Infrastructure . . . . . . . . . . . . . . . . . . . . . . . . . . . . 379,588 65,786 19.9Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,905,330 330,213 100.0A formal credit rating on the Sponsor has been carried out by various credit rating agencies. The Sponsorwas rated “B1” by Moody’s and “B+” by Standard & Poor’s.As at 31 March 2007, the Sponsor has completed eight commercial and retail development projects with atotal GFA of 581,740 sq m and has six commercial and retail development projects under developmentwith an estimated total GFA of approximately 483,060 sq m. Significant projects that have already beendeveloped or are currently being developed by the Sponsor include:• Lippo Karawaci township, located in Lippo Karawaci, Greater Jakarta (see profile below);• Lippo Cikarang township located in Lippo Cikarang, Greater Jakarta (see profile below);• Tanjung Bunga located in Makassar (see profile below);• Puncak Resort International, a 60-ha development located in Cipanas, West Java, consisting of480 villas and unique sports, recreation and meeting facilities;• Metropolis Town Square, a three-level strata mall located in Tangerang, an industrial and manufacturingcity in Greater Jakarta;• Mall WTC Matahari, a five-level strata mall located within the proximity of the Bumi Serpong Damairesidential estate, the largest residential estate in Greater Jakarta;• GTC Makassar, a four-level strata mall located in Makassar, South Sulawesi;• Malang Town Square, a three-level strata mall located in Malang, the second largest city in the EastJava province;• Depok Town Square, a five-level strata mall located in Depok and next to the University of Indonesia, thebiggest university in Greater Jakarta;• Grand Palladium Medan, a six-level strata mall located in Medan, a city renowned as a growingcommercial centre in the North Sumatra province;• City of Tomorrow, a four-level retail mall, five-storey office tower, 17-storey residential tower and eightstoreyhotel, located in Surabaya, East Java;• Puri “Paragon City”, a mixed-used development located in West Jakarta comprising a retail mall,residential apartments, a school, and a hotel;• Kemang Village located in South Jakarta, offering enjoyable views of both the river and the scenicPangeran Antasari Street;• Bellanova Country Mall, a one-level strata mall opened in July 2005 and located in Sentul, GreaterJakarta;• Binjai Supermall, a two-level retail mall located in Binjai, North Sumatra (see “Business andProperties—Acquisition Pipeline”); and• Pejaten Mall, a retail mall located in South Jakarta (see “Business and Properties—AcquisitionPipeline”).The Lippo Karawaci urban development was the Sponsor’s first significant project which commencedconstruction in 1993 and is located approximately 30 km west of central Jakarta. The developmentcurrently has a population of approximately 40,000 residents and has been developed on an area ofapproximately 1,032 ha of land. It includes 11,257 homes, shophouses and four apartment/condominiumtowers with a total of 1,146 units. The development has become a regional centre for office properties,210