





Description
Cibubur Junction is a five storey with one basement level and partial roof top level shopping centre with a carpark comprising 611 parking lots. The mall is located strategically in the middle of Cibubur which is one of the most affluent and upmarket residential areas in Jakarta. The mall is situated five km south of Jakarta’s Jagorawi toll road and is easily accessible and visible from the main road.
Being the only retail mall with a NLA of above 20,000 sq m within an approximately 10-km radius, Cibubur Junction is the only mall within its locality that offers shoppers a one-stop shopping experience. Its anchor tenants, Hypermart and Matahari Department Store are well complemented by international and local specialty tenants which include restaurants, fashion labels, a cinema, bookstores, a video game centre
and a fitness centre.
Tenant profile
As at 30 June 2007, Cibubur Junction has 163 retail tenants based on Committed Leases. The tenant profile of the mall comprises international brand names which target the middle to upper middle income residents within the trade area. These retailers include The Body Shop, Giordano, Polo Ralph Lauren, Charles & Keith, Guardian, Planet Surf, Starbucks Coffee and Pizza Hut.
The lower ground floor is anchored by Hypermart, which accounts for approximately 25.8% of the NLA. The ground floor predominantly comprises retailers selling branded fashion and accessories, and quality F&B retailers. The lower ground floor and the ground floor are also used for exhibition and temporary leasing. The standard lease period for exhibition is two weeks per period. The standard lease period for temporary leases is six months per period. The area for exhibition on the lower level is approximately 200 sqm and is usually leased out for specialty products. The ground floor area is approximately 400 sqm and is usually leased out for automotive exhibitions.
The upper ground and first floor are anchored by the Matahari Department Store, which is expanding to the second floor. The expanded Matahari Department Store accounts for 16.7% of the NLA as at 30 June 2007. The upper ground and first floor comprise a mix of specialty retailers in trade sectors such as fashion, children’s wear, accessories and beauty. A large SportsWarehouse store is on the first floor while
Karisma Bookstore is on the upper ground.
The tenant mix on the second floor focuses on entertainment and lifestyle. This floor includes the expanded Matahari Department Store, Timezone, Fitness First and Studio 21 Cinema. There are also a large number of small tenancies such as electronics and handphone retailers. The top level comprises Fitness First and Studio 21 Cinema (which has four screens).
| Year of building completion | 2005 |
| Land Area | 31,987 sq m |
| Appraised value by Knight Frank as at 30 June 2007 | S$94.2 million |
| Appraised value by Colliers as at 30 June 2007 | S$101.8 million |
| GFA as at 30 June 2007 | 49,341 sq m |
| NLA as at 30 June 2007 | 34,139 sq m |
| Occupancy rate as at 30 June 2007 | 86.4% |
| Car parking lots | 611 |
| Motorcycle parking lots | 500 |
| Population catchment | 422,862 households2 |
2 The figure comprises the number of households within the primary trade area of the relevant Retail Mall (See Appendix F of the LMIR Trust Prospectus ¨C Independent Report on the Indonesian Retail Property Market)