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

Appendix EReport No.017/WPA-Report/2007Page 30.The following table summarizes the key details of each shopping center of the Properties:Properties Land title Title tenureInitialopeningyearExistingretailarea (4) (m 2 )Occupancylevel as at30 Apr. 20071. The Plaza Semanggi . . . . . BOT (1) 50 years,expiring in Jul. 20542. Gajah Mada Plaza. . . . . . . Freehold 30 years,strata title (2) extendable upon expiry3. Cibubur Junction . . . . . . . . BOT (1) 20 years,expiring in Jul. 20254. Bandung Indah Plaza . . . . BOT (1) 40 years,expiring in Dec. 20305. Istana Plaza . . . . . . . . . . . BOT (1) 30 years,expiring in Nov. 20336. Ekalokasari Plaza . . . . . . . BOT (1) 25 years,expiring in Jun. 20267. Mal Lippo Cikarang . . . . . . Hak Guna 30 years,Bangunan (3) Extendable upon expiry2004 58,685 (5) 96.4%1982 34,278 89.1%2005 34,139 86.4%1990 and 1994 26,472 83.2%2003 27,247 98.9%2003 20,587 87.3%1995 17,974 96.3%Note:(1) BOT stands for Build, Operate, and Transfer. This title is granted by the land owner to the shoppingcenter developer for the right to build the shopping center, to collect income from retail space letting tothird parties, and to hand over the building upon expiry of the tenure. Specific terms and conditions areas governed by a BOT agreement and its addendums.(2) Sertifikat Hak Milik Atas Satuan Rumah Susun (Freehold Unit Title in a Multi-Storey Building).(3) Hak Guna Bangunan title gives the right to construct and own buildings on a plot of land. The right istransferable and may be encumbered. Technically, HGB is a leasehold title with the State retains“ownership”. But for practical purposes, there is only little difference from a freehold title. HGB title isgranted for an initial period of up to 30 years and is extendable for a subsequent period of up to20 years. Upon the expiration of such extensions, new HGB title may be granted on the same land withthe same tenure terms. The commencement date of each title varied.(4) Total existing lettable retail floor areas excludes any proposed buildings that are currently underconstruction and or any reserves of retail spaces yet to be occupied.(5) Current ongoing asset enhancement works to include a new café called the ‘Plangi on the Sky’ willincrease NLA by an estimated 3,000 sq-m, bringing total NLA to approximately 61,685 sq-m by the endof 2007.Continue to page 31.E-31