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

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GlossaryExtraordinary ResolutionF&BFinancial AdviserFirst Lock-Up PeriodA resolution proposed and passed as such by a majorityconsisting of 75.0% or more of the total number of votes castfor and against such resolution at a meeting of Unitholders dulyconvened and held in accordance with the provisions of theTrust DeedFood and beverageUBS AG, acting through its business group, UBS InvestmentBank, as sole financial adviser to the OfferingThe period commencing from the Listing Date until the datefalling six months after the Listing DateForecast Period 2007 The period from 1 July 2007 to 31 December 2007FRSSingapore Financial Reporting StandardsFY Financial year ended or, as the case may be, ending31 DecemberGDPGFAGrand Palladium Medan UnitsGRDPGreater JakartaGross RentGross RevenueGSThaHGBHPHPLIMBIMFIncome Tax ActIndependent Indonesian RetailProperty ConsultantIndependent Indonesian TaxAdviserIndependent ValuersGross domestic productGross floor areaFour strata units in Grand Palladium Medan located at JalanKapt. Maulana Lubis, Medan, North Sumatra (See “Businessand Properties—Grand Palladium Medan Units—Relevantinformation relating to the Grand Palladium Medan Units”)Gross regional domestic productComprises Jakarta, Bogor, Depok, Tangerang and BekasiBase rent and services chargesThe aggregate of Gross Rent, carpark income and other incomeearned primarily from the PropertiesGoods and services tax of SingaporeHectaresHak Guna Bangunan (Right to Build)Hak Pakai, the right to use and/or collect the products of landdirectly administered by the State, or of land owned by otherpersons (based on Hak Milik).Hak Pengelolaan, the right to (i) plan the purpose and the use ofthe land, (ii) use the land for the need of the business of theholder and (iii) surrender plots of land to third parties inaccordance with the terms and conditions set up by the holderof the HPL title.Izin Mendirikan BangunanInternational Monetary FundThe Income Tax Act, Chapter 134 of SingaporePT Jones Lang LaSallePB & CoKnight Frank and Colliers274
GlossaryIndonesian SPCsInterested PersonInterested Person TransactionInvestible SavingsIPBIRASIRCIssue PriceIstana Plaza BOT AgreementIstana Plaza CooperationAgreementIUPMJava Supermall UnitsJSXKiosks Sale and Purchase BindingAgreementkmKnight FrankLabour LawLatest Practicable DateThe Retail Mall Indonesian SPCs and the Retail SpaceIndonesian SPCsHas the meaning ascribed to it in the Listing Manual and theProperty Funds GuidelinesHas the meaning ascribed to it in the Listing Manual and theProperty Funds GuidelinesThe balance in a CPF Ordinary Account plus the net amounts (ifany) withdrawn for education and investmentInstitut Pertanian BogorInland Revenue Authority of SingaporeU.S. Internal Revenue Code of 1986, as amendedIssue price of each UnitThe Istana Plaza Cooperation Agreement and its amendmentsThe cooperation agreement, dated 9 May 1997 between, GerejaKristen Pasundan, Ginawan Chondro, Edi Sukamto Josana,Chandra Tambayong, Wirawan Chondro, Heryanto Gunawan,and Subagya Putra Prawira (as investors), and TK GunawanPrihatna, Stepanus Tedjasentosa, Tatang Budiarto, andAbrijanto Effendi (as consultants)The Decision of the Minister of Trade and Industry of theRepublic of Indonesia No. 107/MPP/Kep/2/1998, dated27 February 1998 on the Provisions and Procedures for theGranting of Modern Market Business LicencesFour strata units in Java Supermall located at Jalan MT HaryonoNo. 992-994, Jomblang, Semarang, Central Java (See“Business and Properties—Java Supermall Units—Relevantinformation relating to the Java Supermall Units”)Jakarta Stock ExchangeKiosks Sale and Purchase Binding Agreements are evidence ofthe parties’ intention to effect the sale and purchase of StrataUnits, but do not have the effect of transferring ownershipKilometreKnight Frank / PT. Willson Properti Advisindo, as independentvaluer to the ManagerLaw No. 13/2003, enacted by the Indonesian government15 October 2007, being the latest practicable date prior to thelodgement of this Prospectus with the MASLippo Strategic Lippo Strategic Holdings Inc, a limited liability companyincorporated in the British Virgin Islands on 2 March 2007,and one of the Cornerstone InvestorsListing DateListing ManualLLDLMIR TrustThe date of admission of LMIR Trust to the Official List of theSGX-STListing Manual of the SGX-STPT. Lippo Land Development TbkLippo-Mapletree Indonesia Retail Trust, a REIT established inSingapore and constituted by the Trust Deed275
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LIPPO-MAPLETREEINDONESIA RETAIL TRU
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Metropolis Town SquareMall WTC Mata
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KeyInvestmentHighlightsStrong acqui
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Locked-in master leases with rental
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1. Mall WTC Matahari UnitsRetail Sp
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Notice to investorsNo person is aut
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Forward-looking statementsCertain s
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Market and industry informationThis
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SummaryThe following summary is qua
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a right of first refusal (the “RO
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• The management of all the Retai
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information was extracted are based
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2006. It is estimated that the urba
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Further, the Retail Malls are manag
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Key Information on the PropertiesA
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Location of the Properties in Indon
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INFORMATION ON THE PROPERTIESThe Re
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Pictures of Gajah Mada Plaza19
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Percentage of contribution to LMIRT
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Number of tenants as at 30 June2007
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Car parking lots . . . . . . . . .
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Occupancy rate as at 30 June 2007.
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Year of building completion . . . .
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NLA as at 30 June 2007 . . . . . .
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Year of building completion . . . .
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Appraised value by Knight Frank as
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NPI for Forecast Period 2007,Projec
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Note:(1) Based on Strata Titles Own
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Note:(1) Based on Kiosks Sale and P
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Appraised value by Colliers as at30
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Percentage of contribution to LMIRT
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Notes:(1) These 14 Singapore SPCs (
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(See “Strategy—Capital and Risk
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Operating Companies: PT Multi Nusan
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Payable by LMIR Trust(c) Any other
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The offeringLMIR Trust . . . . . .
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Lock-ups . . . . . . . . . . . . .
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Listing and Trading . . . . . . . .
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Singapore are made in accordance wi
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Forecast Period2007Projection Year2
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Risk factorsProspective investors s
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Risk factorssimilar tenancy terms.
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Risk factors• losses arising from
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Risk factorsacquisitions is limited
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Risk factorsafter the proposed plan
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Risk factorsIf the tenure of the un
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Risk factorsThe Properties may be s
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Risk factorsRenovation work or phys
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Risk factorsSuch compulsory acquisi
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Risk factorsthereby materially and
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Risk factorsinterpretation by the I
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Risk factors• broad market fluctu
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Ownership of UnitsPRINCIPAL UNITHOL
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DistributionsThe distributable inco
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Exchange rates and exchange control
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CapitalisationThe following table s
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Unaudited pro forma consolidated ba
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Profit forecast and profit projecti
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StrategyDate, to the extent that LM
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StrategyGiven that there is limited
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Strategyterm funding in a more cost
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Business and propertiesIn addition,
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Business and propertiestheir daily
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Business and propertiesValuationEac
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Business and propertiesThe followin
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Business and propertiesINFORMATION
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Business and propertiesother strata
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Business and propertiesBecause of t
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Business and propertieswell-known c
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Business and propertiesThe largest
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Business and properties“Overview
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Business and properties200 sq m and
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Business and properties• Mal Cima
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Business and propertiesTHE PLAZA SE
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Business and propertiesThe table be
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Business and properties• Epicentr
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Business and propertiesMAL LIPPO CI
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Business and propertiesPercentage o
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Business and propertiesfloor. The o
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Business and properties• Pangrang
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Business and propertiesBANDUNG INDA
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Business and propertiesAmendment to
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Business and propertiesISTANA PLAZA
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Business and propertiesThe Istana P
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Business and propertiesRelevant inf
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Business and propertiesAppraised va
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Business and propertiesDescriptionP
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Business and propertiesSun PlazaMed
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The Manager and corporate governanc
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The SponsorThe business structure o
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The Sponsorshopping, entertainment
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The SponsorKEY SHAREHOLDERS OF THE
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The formation and structure of LMIR
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Page 239 and 240: Certain agreements relating to LMIR
Page 257 and 258: Overview of relevant laws and regul
Page 265 and 266: TaxationSINGAPORE TAX IMPLICATIONST
Page 267 and 268: Taxationbe applied to reduce the co
Page 269 and 270: TaxationOn the rental payments to t
Page 271 and 272: Plan of distributionThe Manager is
Page 273 and 274: Plan of distributionThe restriction
Page 275 and 276: Plan of distributionNote:(1) Includ
Page 277 and 278: Plan of distributionArticle 31, sec
Page 279 and 280: Plan of distributionUnited States o
Page 281 and 282: Clearance and settlementINTRODUCTIO
Page 283 and 284: General information(1) The profit f
Page 285 and 286: General information(f)(g)(h)Rule 74
Page 287 and 288: Glossary% Per centum or percentageA
Page 289: GlossaryColliersColliers Internatio
Page 293 and 294: GlossaryNPIOCBC BankNet property in
Page 295 and 296: GlossaryRetail Space Singapore SPCs
Page 297 and 298: GlossaryUnit Lending AgreementUnit
Page 299 and 300: Appendix AINDEPENDENT ACCOUNTANTS
Page 301 and 302: Appendix BINDEPENDENT ACCOUNTANTS
Page 303 and 304: Appendix BLIPPO-MAPLETREE INDONESIA
Page 305 and 306: Appendix BPro Forma Consolidated Ba
Page 307 and 308: Appendix B(D)Pro Forma Consolidated
Page 309 and 310: Appendix B(x)(xi)(xii)(xiii)(xiv)S$
Page 311 and 312: Appendix BCash and cash equivalents
Page 313 and 314: Appendix BLeased assets—Leases in
Page 315 and 316: Appendix Btemporary difference; and
Page 317 and 318: Appendix B• The Trustee, the Mana
Page 319 and 320: Appendix BDeferred income represent
Page 321 and 322: Appendix Bfinancial year exceeds th
Page 323 and 324: Appendix Bprice is to be negotiated
Page 325 and 326: Appendix B4. Bandung Indah PlazaPT
Page 327 and 328: Appendix CINDEPENDENT SINGAPORE TAX
Page 329 and 330: Appendix CGains on disposal of shar
Page 331 and 332: Appendix CDisposal of UnitsSingapor
Page 333 and 334: Appendix DINDEPENDENT INDONESIAN TA
Page 335 and 336: Appendix DD-3
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Appendix EINDEPENDENT PROPERTY VALU
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Appendix EReport No.017/WPA-Report/
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Appendix ERef. No: V/2006/PKG/3819
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Appendix EVALUATION CERTIFICATEProp
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Appendix EPropertiesLandarea (m 2 )
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Appendix EADDENDUM—STATEMENT OF A
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Appendix FINDEPENDENT REPORT ON THE
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TABLE OF CONTENTSREPORT INSTRUCTION
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Report instructionsAbout Jones Lang
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Executive summaryIMPLICATIONS FOR R
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Overview of Indonesia and its Econo
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Retail Market OverviewTable 2.1.1 I
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Retail Market Overview2.3 Changing
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Retail Market Overviewretailers hav
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Retail Market OverviewCompletionyea
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Retail Market Overview2.7.5 Carrefo
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Retail Market OverviewIn view of th
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Overview of PortfolioAs the adminis
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Overview of PortfolioFigure 3.1.4:
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Overview of PortfolioFigure 3.2.2 B
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Overview of PortfolioFigure 3.2.4 S
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Overview of PortfolioFigure 3.2.6 M
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Overview of PortfolioFigure 3.3.1 L
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Overview of PortfolioMall WTC Matah
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Leased MallsFigure 4.1.1 Cibubur Ju
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Leased MallsTable 4.1.3 Major tenan
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Leased MallsTable 4.1.4 Cibubur Jun
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Leased Malls4.1.7 SWOT analysisTabl
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Leased Malls4.2 Plaza Semanggi4.2.1
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Leased Mallsnumber of international
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Leased MallsTaking the survey and t
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Leased Malls• There are two major
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Leased Mallsterms of its very promi
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Leased MallsFigure 4.3.2 Bandung In
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Leased Malls• In terms of reasons
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Leased Mallsand approximately 38,00
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Leased MallsWhile BIP is likely to
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Leased MallsFigure 4.4.2 Istana Pla
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Leased Malls• The main reason sta
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Leased Malls• Cihampelas Walk is
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Leased MallsFigure 4.4.4: Istana Pl
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Leased MallsOn the completion of th
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Leased MallsThe target market for M
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Leased MallsThe current Hypermart e
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Leased MallsFigure 4.6.2 Gajah Mada
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Leased Malls• Of all the malls in
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Leased Mallshypermart. The centre a
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Leased MallsTable 4.6.7: Rental pos
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Leased Malls4.7.3 Tenant mixThe cur
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Leased Mallsprimarily the city of B
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Leased MallsTable 4.7.5: Main compe
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Retail Spaces Malls5. RETAIL SPACES
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Retail Spaces MallsIn addition, loc
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Retail Spaces MallsThe store target
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Retail Spaces MallsTable 5.3.1: Cen
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Retail Spaces MallsFigure 5.3.3: Gr
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Retail Spaces MallsThis relatively
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Retail Spaces MallsStrata title sho
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Retail Spaces MallsMadiun are locat
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Retail Spaces MallsFigure 5.6.3 Pla
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Retail Spaces MallsThe centre has t
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Appendix GTERMS, CONDITIONS AND PRO
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Appendix G(15) The Manager reserves
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Appendix GAdditional Terms and Cond
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Appendix G(10) By completing and de
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Appendix GAdditional Terms and Cond
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Appendix GWhere your Electronic App
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Appendix GApplication to the Manage
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Appendix GTerms and Conditions for
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Appendix HLIST OF PRESENT AND PAST
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Appendix H(6) Mr Tan Boon LeongCurr
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Appendix HCurrent DirectorshipsMapl
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Appendix HCurrent DirectorshipsMapl
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LIPPO-MAPLETREE INDONESIA RETAIL TR
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