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

Istana PlazaJalan Pasirkaliki No. 121-123, Bandung, West JavaBrief description . . . . . . . . . . . . . . . . Istana Plaza is a four storey with two basement levels retail mallwith a carpark comprising 700 parking lots. It is locatedstrategically in the CBD of Bandung, the fourth most populouscity in Indonesia. Situated at the junction between two busyroads of Jalan Pasir Kaliki and Jalan Pajajaran, it is easilyaccessible by car and public transport. Anchored by RimoDepartment Store and Hero Supermarket, the 205 tenanciesin Istana Plaza provide one-stop shopping experience for themiddle to upper income residents within its populationcatchment. Istana Plaza’s many popular international fashionlabels have also helped to attract the young and trendy shopperbase.Population catchment . . . . . . . . . . . . 99,525 households (1)Title . . . . . . . . . . . . . . . . . . . . . . . . . .Istana Plaza is owned by PT Suryana Istana Pasundan and wasbuilt pursuant to BOT scheme based on the cooperationagreement, dated 9 May 1997 between, Gereja KristenPasundan, Ginawan Chondro, Edi Sukamto Josana, ChandraTambayong, Wirawan Chondro, Heryanto Gunawan, andSubagya Putra Prawira (as investors), and TK GunawanPrihatna, Stepanus Tedjasentosa, Tatang Budiarto, andAbrijanto Effendi (as consultants) (the “Istana PlazaCooperation Agreement”).The Istana Plaza Cooperation Agreement and its amendmentsshall be jointly referred to as the “Istana Plaza BOTAgreement”.The Istana Plaza BOT Agreement is valid for 32 years fromJanuary 2002.The underlying BOT land, on which Istana Plaza is constructed,is held by the BOT Grantor under the following HGB titles:(i) No. 43/Pamoyanan, valid until 24 September 2032;(ii) No. 58/Pamoyanan, valid until 24 September 2032;(iii) No. 177/Pajajaran, valid until 24 September 2032;(iv)Year of building completion . . . . . . . . 2001Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$125.7 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$114.7 millionLand Area . . . . . . . . . . . . . . . . . . . . .GFA as at 30 June 2007 . . . . . . . . . .30No. 59/Pamoyanan, valid until 24 September 2036; and(v) No. 60/Pamoyanan, valid until 24 September 2036.The above HGB titles can be extended for another term of up to20 years. Following the expiration of this additional term, arenewal application may be made (See “Overview of RelevantLaws and Regulations in Indonesia—Rights to Own and/or toUse—Hak Guna Bangunan (HGB/Right to Build)”.)(See “Business and Properties—Istana Plaza”.)13,082 sq m37,434 sq m