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

The Retail SpacesThe Retail Spaces are all located in Indonesia. The Retail Spaces occupy a total NLA of 94,070 sq m andare strategically located as anchor spaces within retail malls. Three of the seven Retail Spaces are locatedwithin Greater Jakarta and four are situated in the major cities of Semarang, Madiun, Malang and Medan.(See “Business and Properties”.)A summary of each Retail Space is as follows:Mall WTC Matahari UnitsJalan Raya Serpong, Pondok Jagung, Serpong, Tangerang, Banten, Greater JakartaBrief description . . . . . . . . . . . . . . . .Locality information . . . . . . . . . . . . . .Title . . . . . . . . . . . . . . . . . . . . . . . . . .32The Mall WTC Matahari Units comprise four strata units on partof the ground floor, upper ground floor, mezzanine and secondfloor of Mall WTC Matahari which are currently occupied byHypermart, Matahari Department Store and Timezone.Mall WTC Matahari is located along Jalan Serpong Raya,Serpong within the administrative area of Tangerang regency,Banten province. It is situated approximately 18 km west ofJakarta’s CBD.Tangerang is renowned as an industrial and manufacturing cityin Greater Jakarta, being home to seven industrial estates with atotal area of approximately 1,700 ha.Due to its proximity to Jakarta, Tangerang benefits from theurban expansion of Jakarta and is home to commuters who workin Jakarta. In recent years, residential estates and satellite citieswith their facilities have been developed in Tangerang.Mall WTC Matahari is strategically located along the main roadconnecting the BSD residential estate, the largest residentialestate in Greater Jakarta. It has a proposed development area of6,000 ha with currently 1,500 ha developed and occupied by over15,000 households. In recent years, BSD City has experiencedrapid growth in terms of the number of housing units and retailshop houses which have been built.Mall WTC Matahari was built on plots of land covering an area of:(i)(ii)3,470 sq m with Strata Titles Ownership CertificateNo. 428/Desa Pondok Jagung dated 17 December 2004;5,892 sq m with Strata Titles Ownership CertificateNo. 00153/Desa Pondok Jagung dated 17 December2004;(iii) 873 sq m with Strata Titles Ownership CertificateNo. 00372/Desa Pondok Jagung dated 17 December2004; and(iv) 949 sq m with Strata Titles Ownership CertificateNo. 00197/Desa Pondok Jagung dated 17 December2004,all of which are registered under the name of Matahari and itsunderlying HGB common land will expire on 8 April 2018 but isextendable for another term of up to 20 years. Following theexpiration of this additional term, a renewal application may bemade. (See “Overview of Relevant Laws and Regulations inIndonesia—Rights to Own and/or to Use—Hak Guna Bangunan(HGB/Right to Build)”.)(See “Business and Properties—Mall WTC Matahari Units”.)