Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

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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
(10) Plaza Medan FairPlaza Medan Fair is a four-level retail mall with one basement level located in Medan,North Sumatra, which is the third most populous city in Indonesia after Jakarta andSurabaya. As at 30 September 2012, Plaza Medan Fair has an NLA of 56,029 sq m, withparking lots comprising 1,055 car lots and 1,300 motorcycle lots and 466 tenants.Completed in 2004, Plaza Medan Fair’s 442 tenants include well known internationaland domestic retailers and brand names such as Carrefour, Matahari Department Store,Electronic City, Timezone and Karisma Bookstore. Plaza Medan Fair is strategicallylocated in the shopping and business district of Medan, surrounded by residences andwithin walking distance to famous hotels in town.RETAIL SPACES(1) Mall WTC Matahari UnitsMall WTC Matahari is located along Jalan Serpong Raya, Serpong within administrativearea of Tangerang regency, Banten province. It is situated approximately 18 km west ofJakarta’s CBD.Tangerang is renowned as an industrial and manufacturing city in the Greater Jakartaarea, being home to seven industrial estates with a total area of over 1,700 hectares.Due to its proximity to Jakarta, Tangerang benefits from the urban expansion of Jakartaand is home to commuters who work in Jakarta. In recent years, residential estates andsatellite cities with their facilities have been developed in Tangerang.Mall WTC Matahari is strategically located along the main road connecting the BSDresidential estate, the largest residential estate in Greater Jakarta. It has proposeddevelopment area of 6,000 hectares with currently 1,500 hectares developed andoccupied by over 15,000 households. In recent years, BSD City has experienced rapidgrowth in terms of the number of housing units and retail shop houses which have beenbuilt. This has also successfully enhanced Mall WTC Matahari’s target market segmentfrom middle to middle-upper and upper class.The Mall WTC Matahari Units comprise four strata units on part of the ground floor,upper ground floor, mezzanine and second floor of the building, aggregating a total NLAof 11,184 sq m, representing 25.4% of the total NLA of Mall WTC Matahari as at 30September 2012. The Mall WTC Matahari Units are currently utilised as a departmentstore, hypermarket and entertainment and game centre.(2) Metropolis Town Square UnitsMetropolis Town Square is located in Tangerang city, Banten province, approximately20 km west of Jakarta’s CBD. The CBD’s strategic location near the main roadconnecting the toll road to Tangerang city provides easy access to the Jakarta — Meraktoll gate and surrounding residential areas in Tangerang.Metropolis Town Square is located along Jalan Hartono Raya within the Kota Modernresidential estate, about 2.6 km south of the city centre of Tangerang. Tangerang’sstrategic location between Jakarta and the Soekarno-Hatta International Airport makesit a popular choice for offices and factories. The Indonesian government hascontinuously been improving the quality of infrastructure between the city and thenation’s capital to accommodate the ever increasing road traffic.Metropolis Town Square is a one-stop shopping mall located along one of the mainroads in Tangerang. Hence, the mall has good accessibility to passing traffic. Inaddition, the mall is the only major retail development in the Tangerang Municipality.The mall is designed in an art deco style and is located within the Modernlanddevelopment, a large middle to upper income housing complex.B-15
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CIRCULAR DATED 26 NOVEMBER 2012THIS
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TABLE OF CONTENTSPageCORPORATE INFO
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SUMMARYThe following summary is qua
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Key Benefits of the Proposed Acquis
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METHOD OF FINANCINGThe Manager inte
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RESOLUTION 2: PROPOSED ACQUISITION
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INDICATIVE TIMETABLEThe timetable f
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and are in line with the Manager’
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KJPP WR and KJPP RHP were appointed
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Acquisition is an Interested Party
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The Trustee had, on 23 October 2012
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(vi)the lease agreement made by and
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Based on the Manager’s experience
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(iii)The relative figures for each
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Therefore, each of the Pejaten Vill
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4.6. Interests of Directors and Sub
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The reduction in the absolute amoun
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5.2. Six months ended 30 June 2012P
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The maximum possible increase in th
Page 41 and 42: (v)(vi)LMIR Trust appoints an indep
Page 43 and 44: 7.3. On the Whitewash ResolutionThe
Page 45 and 46: IMPORTANT NOTICEThe value of Units
Page 47 and 48: (viii) other investments not covere
Page 49 and 50: EGM : The extraordinary general mee
Page 51 and 52: Mandatory Offer : A general offer m
Page 53 and 54: Sea Pejaten : Sea Pejaten Pte. Ltd.
Page 55 and 56: APPENDIX AINDEPENDENT FINANCIAL ADV
Page 57 and 58: The Manager intends to finance the
Page 59 and 60: “6.3. Rationale for the Whitewash
Page 61 and 62: We have relied upon the representat
Page 63 and 64: 2.1.2. Opportunity to Enhance the E
Page 65 and 66: The Valuation Reports assess: the m
Page 67 and 68: Based on the financial year ended 3
Page 69 and 70: Six months ended 30 June 2012Pro-fo
Page 71 and 72: Selected comparable companies in So
Page 73 and 74: (i)(ii)all and any losses which the
Page 75 and 76: AnnouncementDateCompletionDateREITP
Page 77 and 78: The Independent Directors should no
Page 79 and 80: APPENDIX BINFORMATION ABOUT THE ENL
Page 81 and 82: The table below sets out a summary
Page 83 and 84: Gross revenue for 6M2012 Rp.23.6 bi
Page 85 and 86: 2.3 Tamini Square2.3.1 Description
Page 87 and 88: Occupancy rate (as at 30September 2
Page 89 and 90: The mall has a good tenancy mix whi
Page 91: (5) Ekalokasari PlazaEkalokasari Pl
Page 95 and 96: Malang Town Square, in which Malang
Page 97 and 98: 3.3 Major Usage Mix for the Septemb
Page 99 and 100: Usage Mix (by Rental Income for the
Page 101 and 102: APPENDIX CTAX CONSIDERATIONSThe fol
Page 103 and 104: APPENDIX DSUMMARY VALUATION REPORTS
Page 105 and 106: To : HSBC Institutional Trust Servi
Page 107 and 108: forecasts of income, expenses and c
Page 109 and 110: D-7
Page 111 and 112: To : HSBC Institutional Trust Servi
Page 113 and 114: forecasts of income, expenses and c
Page 115 and 116: APPENDIX EEXISTING INTERESTED PERSO
Page 117 and 118: APPENDIX FRELATED TENANCY AGREEMENT
Page 119 and 120: NOTICE OF EXTRAORDINARY GENERAL MEE
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Circular - Lippo Malls Indonesia Retail Trust - Investor Relations

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