Ekalokasari Plaza


Description
Ekalokasari Plaza is a six storey with three basement levels retail mall with a carpark comprising 390 parking lots. The mall is located approximately two km south east of the Bogor City Centre on a major road, Jalan Siliwangi, and approximately 3.5 km south or five minutes drive from the Bogor exit of the Jagorawi toll road which connects Jakarta to Bogor. Bogor is approximately 50 km south of Jakarta and had a population of approximately 855,000 as at 2002. Ekalokasari Plaza is positioned as the retail mall of convenience and choice for its population catchment and provides a comprehensive retail mix anchored by Matahari Department Store, Foodmart supermarket, two large bookstores and a concentration of fashion labels and outlets. Ekalokasari Plaza has recently completed a S$2.0 million expansion and renovation programme for the third and mezzanine floors. The new expanded area will house a food court and is also intended to include a fitness centre and a cinema.


Tenant profile
As at 30 June 2007, Ekalokasari Plaza has 107 retail tenants based on Committed Leases. The tenant profile of the mall comprises a diverse set of tenants. There are 107 specialty stores to cater to family shoppers, with products and services ranging from fashion to music. The mall is anchored by Matahari Department Store and Foodmart supermarket which account for 21.6% of monthly Gross Rent. The anchor tenants, together with the Timezone amusement centre, occupy the lower ground to the second floor. The other prominent tenants include Karisma bookstore, Gramedia bookstore, Number 61, Botanical Food Court, Kentucky Fried Chicken and Popeye restaurant.

As at 30 June 2007, the occupancy rate of the mall was 87.3% of the total existing NLA of 20,587 sq m.

Year of building completion 2003
Land Area 10,500 sq m
Appraised value by Knight Frank as at 30 June 2007 S$66.0 million
Appraised value by Colliers as at 30 June 2007 S$68.1 million
GFA as at 30 June 2007 39,895 sq m
NLA as at 30 June 2007 20,587 sq m5
Occupancy rate as at 30 June 2007 87.3%
Car parking lots 390
Motorcycle parking lots 382
Population catchment 144,451 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)

5 Recently completed asset enhancement works for the third floor mezzanine have increased the NLA by 5,013 sq m, bringing the total NLA to 25,600 sq m.