Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

Another AEI was undertaken at the ex-management office space together with fourspecialty units that were converted into 794 sq m of lettable space and leased to afitness centre operator in October 2009. The rental secured was Rp.80,000 per sq m permonth for a term of three years. The annual rental income is Rp.585.0 million.As at 30 September 2012, the average monthly rental rate of specialty stores isRp.304,000 per sq m per month.(7) Istana PlazaIstana Plaza, aggregating a total NLA of 26,893 sq m as at 30 September 2012, is a fourstorey with two basement levels retail mall with parking lots comprising 400 car lots and500 motorcycle lots. It is located strategically in the heart of the CBD of Bandung, thefourth most populous city in Indonesia.Situated at the junction between two busy roads of Jalan Pasir Kaliki and JalanPajajaran, it is easily accessible by car and public transport. Anchored by HeroSupermarket, the 198 tenancies in Istana Plaza provide one-stop shopping experiencefor the middle to upper income residents within its population catchment. Istana Plaza’smany popular international fashion labels have also helped to attract the young andtrendy shopper base.As at 30 September 2012, Istana Plaza has 220 retail tenants based on Current Leases.The tenant profile of the mall comprises a diverse set of tenants from a wide variety ofindustries. The mall is anchored by Matahari Department Store, which occupies 17.6%of the mall’s total NLA. In addition, it is the only mall in its catchment area with a NokiaProfessional Centre and a Hewlett-Packard Centre.The old ice skating rink was removed to make way for 684 sq m of retail space. Theexisting food court was also extended to house more operators and seating capacity.The new rentals were Rp.215,000 per sq m per month compared to Rp.61,000 per sqm per month for the old ice skating rink.As at 30 September 2012, the mall enjoys an occupancy rate of 99.7%.(8) Sun PlazaSun Plaza, aggregating a total NLA of 63,817 sq m as at 30 September 2012, is thebiggest up-market shopping centre in Medan, the capital of North Sumatra Province andthe third most populous city in Indonesia. The mall is located amidst Medan commercialdistrict with prominent landmarks such as the governor’s office, foreign embassies andmajor banks are located within the vicinity. Anchored by Sogo Department Store andHypermart, it is also home to 411 exclusive tenants including international brands suchas Breadtalk, Starbucks, Pizza Hut, Sushi Tei, Mango and Body Shop. The Property hasa committed occupancy of 99.6% as at 30 September 2012. Sun Plaza provides allclasses of shoppers in Medan with a one-stop shopping, dining and entertainmentdestination.(9) Pluit VillagePluit Village, aggregating a total NLA of 87,213 sq m as at 30 September 2012, is afive-level retail mall located in North Jakarta with parking lots comprising 1,581 car lotsand 1,860 motorcycle lots. It is located in close proximity and surrounded by affluentresidential estates and apartments with a Chinese ethnic majority. As at 30 September2012, there are 225 tenants in Pluit Village, including well known international anddomestic retailers and brand names such as Matahari Department Store, GramediaBookstore, J.Co Donut, Body Shop, Best Denki and FJ Square. Completed in 1996,Pluit Village had undergone refurbishment works which was completed in September2009.B-14