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

Certain agreements relating to LMIR Trust and the PropertiesThe details of Cosmopolitan Mall Pluit are set out below:Cosmopolitan Mall PluitPluit, North JakartaExpected completion date of renovation . . . . . . .EstimatedGFA ..........................EstimatedNLA ..........................Target segment . . . . . . . . . . . . . . . . . . . . . . . . . .District/Area. . . . . . . . . . . . . . . . . . . . . . . . . . . . .Estimated acquisition price . . . . . . . . . . . . . . . . .Second half of 2008131,013 sq m88,040 sq mMiddle to upper income residents of North JakartaNorth JakartaTo be negotiated and agreed in good faith betweenthe parties, provided that such acquisition priceshall not be more than the appraised value ofCosmopolitan Mall Pluit as determined by anindependent property valuer to be appointed bythe Trustee before the signing of the conditionalsale and purchase agreement.DescriptionLocated in the heart of the affluent Pluit residential district of North Jakarta, Cosmopolitan Mall Pluit offersan exciting cultural and retail experience, with urban sculptures along the waterfront, blendingharmoniously with a variety of lifestyle and cuisines outlets.In the future, the Manager will identify other potential acquisitions and will enter into negotiations and nonbindingmemoranda of understanding with regard to these potential acquisitions.On 22 June 2007, the Manager entered into a non-binding memorandum of understanding with ZellwagerEnterprise Limited with regard to the potential acquisition by LMIR Trust of Sun Plaza, a retail mall locatedin Medan, North Sumatra.The details of Sun Plaza are set out below:Sun PlazaMedan, North SumatraEstimatedGFA ..........................EstimatedNLA ..........................Target segment . . . . . . . . . . . . . . . . . . . . . . . . . .District/Area. . . . . . . . . . . . . . . . . . . . . . . . . . . . .Estimated acquisition price . . . . . . . . . . . . . . . . .73,871 sq m61,348 sq mMiddle to upper income residents of MedanMedanTo be negotiated and agreed in good faith betweenthe parties, provided that such acquisition priceshall not be more than the appraised value ofSun Plaza as determined by an independentproperty valuer to be appointed by the Trusteebefore the signing of the conditional sale andpurchase agreement.DescriptionSun Plaza is a six-level retail mall located in the Indonesian city of Medan, the third most populous city inIndonesia after Jakarta and Surabaya. Sun Plaza is surrounded by government and business offices andis accessible from all parts of Medan City.234