Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

(5) Ekalokasari PlazaEkalokasari Plaza, aggregating a total NLA of 25,469 sq m as at 30 September 2012,is a six storey with three basement levels retail mall and has parking lots comprising 357car lots and 283 motorcycle lots. The mall is located approximately two km south eastof the Bogor City Centre on a major road, Jalan Siliwangi, and approximately 3.5 kmsouth or five minutes drive from the Bogor exit of the Jagorawi toll road which connectsJakarta to Bogor. Bogor is approximately 50 km south of Jakarta. Ekalokasari Plaza ispositioned as the retail mall of convenience and choice for its population catchment andprovides a comprehensive retail mix anchored by Matahari Department Store,Foodmart supermarket, two large bookstores and a concentration of fashion labels andoutlets.As at 30 September 2012, Ekalokasari Plaza has 142 retail tenants based on CurrentLeases. The tenant profile of the mall comprises a diverse set of tenants. There are 133specialty stores to cater to family shoppers, with products and services ranging fromfashion to music. The mall is anchored by Matahari Department Store and Foodmartsupermarket which account for 39.3% of NLA. The anchor tenants, together with theTimezone amusement centre, occupy the lower ground to the second floor. The otherprominent tenants include Breadtalk, Gramedia bookstore, J-Co Donut, Giordano,Botanical Food Court, Kentucky Fried Chicken and Popeye restaurant.As at 30 September 2012, the occupancy rate of the mall was 92.7% of the total existingNLA of 25,469 sq m.(6) Bandung Indah PlazaBandung Indah Plaza, aggregating a total NLA of 30,158 sq m as at 30 September2012, is a four storey with three basement levels retail mall with parking lots comprising653 car lots and 750 motorcycle lots. It is located strategically in the heart of the CBDof Bandung, the fourth most populous city in Indonesia. The retail mall is easilyaccessible from Jalan Merdeka, a major road which connects North Bandung to SouthBandung, and is surrounded by commercial buildings and middle to upper incomeresidential areas. It is also attached to Hyatt Regency Hotel, one of the leading five-starhotels in Bandung. Bandung Indah Plaza is anchored by Matahari Department Store,Hypermart, a bookstore, a cinema and supported by a list of international and localtenants.As at 30 September 2012, Bandung Indah Plaza has 232 retail tenants based onCurrent Leases. The mall provides a one-stop shopping destination with acomprehensive tenant mix of everyday convenience retailers. The mall is wellpositioned to cater to the youth market, which has strong demand in central Bandungdue to the student population from nearby universities.The ground floor of the mall is anchored by Hypermart, which accounts for 14.9% oftotal NLA. This level also includes F&B outlets such as McDonald’s and Starbucks, andfashion and accessories retailers such as Quicksilver and Giordano.The first level of the mall is anchored by Matahari Department Store, which accounts for19.2% of total NLA. Youth fashion retailers such as City Surf and Levis are also wellrepresented. The second level of the mall is anchored by Matahari Department Storeand Toko Gunung Agung bookstore. Lifestyle retailers include Extreme Store and MGMusic. The third level of the mall comprises Studio 21 Cinema (which has six screens),Timezone and a new food court.Rp.2.2 billion was invested during 2009 to convert the former Yogya Supermarket thatoccupied 1,600 sq m into specialty units. Rentals were raised from Rp.71,500 toRp.162,000 per sq m per month after the space was reconfigured. The return oninvestment for this AEI was above 40% after accounting for loss of rental income duringconstruction. All of the new space is fully occupied.B-13