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

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Ekalokasari PlazaJalan Siliwangi 123, Bogor, Greater JakartaBrief description . . . . . . . . . . . . . . . . Ekalokasari Plaza is a six storey with three basement levelsretail mall with a carpark comprising 390 parking lots. The mall islocated approximately two km south east of the Bogor CityCentre on a major road, Jalan Siliwangi, and approximately3.5 km south or five minutes drive from the Bogor exit of theJagorawi toll road which connects Jakarta to Bogor. Bogor isapproximately 50 km south of Jakarta and had a population ofapproximately 855,000 as at 2002. Ekalokasari Plaza ispositioned as the retail mall of convenience and choice for itspopulation catchment. It provides a comprehensive retail mixanchored by Matahari Department Store, Foodmartsupermarket, two large bookstores and a concentration offashion labels and outlets. Ekalokasari Plaza has recentlycompleted S$2.0 million expansion and renovationprogramme for the third and mezzanine floors. The newexpanded area will house a food court, and is also intendedto include a fitness centre and a cinema.Population catchment . . . . . . . . . . . . 144,451 households (1)Title . . . . . . . . . . . . . . . . . . . . . . . . . .Year of building completion . . . . . . . . 2003Appraised value by Knight Frank as at30 June 2007 . . . . . . . . . . . . . . . . . . S$66.0 millionAppraised value by Colliers as at30 June 2007 . . . . . . . . . . . . . . . . . . S$68.1 millionLand Area . . . . . . . . . . . . . . . . . . . . .Ekalokasari Plaza is owned by PT Indah Pesona Bogor and wasbuilt pursuant to a BOT Scheme based on the cooperationagreement (Perjanjian Kerjasama) between Institut PertanianBogor (“IPB”) represented by PT Bogor Life Science andTechnology as BOT Grantor and PT Indah Pesona Bogor(“PT IPB”).The BOT Scheme relating to Ekalokasari Plaza is valid from27 June 2001 to 27 June 2032 and may be extended.The underlying BOT land, on which Ekalokasari Plaza isconstructed, is represented by HP title No. 1/Sukasari whichis valid as long as the land is being used.(See “Business and Properties—Ekalokasari Plaza”.)10,500 sq mGFA as at 30 June 2007 . . . . . . . . . . 39,895 sq mNLA as at 30 June 2007 . . . . . . . . . . 20,587 sq m (2)NPI for Forecast Period 2007,Projection Year 2008 and ProjectionYear 2009 (S$’000) . . . . . . . . . . . . . . Forecast Period 2007—2,296Percentage of contribution to LMIR<strong>Trust</strong>’s Gross Rent for Forecast Period2007 . . . . . . . . . . . . . . . . . . . . . . . . . 5.8%Number of tenants as at 30 June2007 . . . . . . . . . . . . . . . . . . . . . . . . . 10726Projection Year 2008—5,798Projection Year 2009—7,503

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