LMIR Trust's asset portfolio comprise seven retail malls and seven retail spaces located within other retail malls valued at S$1,004.7 million1. These are strategically located in major cities of Indonesia with large population catchment areas and are accessible via major transportation routes and highways.

Three of the Retail Malls are located in Jakarta, two in Greater Jakarta (an area encapsulated by Jakarta, Bogor, Depok, Tangerang and Bekasi) and the remaining two in Bandung, the fourth largest populated city in Indonesia. Supported by their diverse trade mix and strategic locations, the Retail Malls provide shoppers with comprehensive one-stop shopping, dining and entertainment destinations. Tenants include leading domestic retailers such as Matahari and Rimo Department Stores, as well as international specialty tenants such as Fitness First, Starbucks and McDonald's.

The Retail Spaces are predominantly utilised as department stores, supermarkets, hypermarkets and/or amusement centres and are housed within other retail malls. Three of the Retail Spaces are located in Greater Jakarta and the remaining four in the cities of Semarang, Madiun, Malang and Medan. The Retail Spaces are master-leased to PT. Matahari Putra Prima Tbk, Indonesia's largest retailer by sales revenue(2), for an initial term of 10 years.

(1) As at 30 June 2007, the Properties were valued at an aggregate of S$1,004.7 million by Knight Frank / PT. Willson Properti Advisindo, as the Independent Valuer to the Manager (“Knight Frank”) and at S$1,016.3 million by Colliers International / PT Penilai, as the Independent Valuer to the Trustee (“Colliers”). The Manager has adopted Knight Frank's valuation as the basis for determination of the fair market value of the Properties and the net asset value per Unit.