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

Appendix EReport No.017/WPA-Report/2007Page 31.The following table summarizes the key details for each retail spaces leased by Matahari Group:PropertiesTitleLettablefloorarea(m 2 )InitialoccupationyearOccupancylevel1. Depok Town Square . . . . . Binding Sales and Purchase Agreement (1) 13,045 2005 100%2. Mall WTC Matahari . . . . . . Freehold strata title (2) 11,184 2004 100%3. Metropolis Town Square . . . Binding Sales and Purchase Agreement (1) 15,248 2004 100%4. Java Supermall . . . . . . . . . Freehold strata title (2) 11,082 2000 100%5. Plaza Madiun . . . . . . . . . . Hak Guna Bangunan (3) 19,029 2001 100%6. Malang Town Square . . . . . Binding Sales and Purchase Agreement (1) 11,065 2005 100%7. Grand Palladium . . . . . . . . Binding Sales and Purchase Agreement (1) 13,417 2005 100%Note:(1) Binding Sales and Purchase Agreement acts as valid ownership document prior to the issuance of afreehold strata unit title (Sertifikat Hak Milik Atas Satuan Rumah Susun).(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.E-32Continue to page 32.