Lippo-Mapletree Indonesia Retail Trust

Istana Plaza

Description
Istana Plaza is a four storey with two basement levels retail mall with a carpark comprising 700 parking lots. It is located strategically in the heart of the CBD of Bandung, the fourth most populous city in Indonesia.

Situated at the junction between two busy roads of Jalan Pasir Kaliki and Jalan Pajajaran, it is easily accessible by car and public transport. Anchored by Rimo Department Store and Hero Supermarket, the 205 tenancies in Istana Plaza provide one-stop shopping experience for the middle to upper income residents within its population catchment.

Istana Plaza’s many popular international fashion labels have also helped to attract the young and trendy shopper base.

Tenant profile
As at 30 June 2007, Istana Plaza has 205 retail tenants based on Committed Leases. The tenant profile of the mall comprises a diverse set of tenants from a wide variety of industries. The mall is anchored by Rimo Department Store, which occupies the first and second floors, amounting to approximately 17.9% of the mall’s total NLA. Other prominent tenants include Ace Hardware which occupies 5.9% of the mall’s total
NLA. In addition, it is the only mall in its catchment area with a Nokia Professional Centre and a Hewlett-Packard Centre.

As at 30 June 2007, the mall enjoys an occupancy rate of approximately 98.9%.

Year of building completion	2001
Land Area	13,082 sq m
Appraised value by Knight Frank as at 30 June 2007	S$125.7 million
Appraised value by Colliers as at 30 June 2007	S$114.7 million
GFA as at 30 June 2007	37,434 sq m
NLA as at 30 June 2007	27,247 sq m
Occupancy rate as at 30 June 2007	98.9%
Car parking lots	700
Motorcycle parking lots	500
Population catchment	99,525 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)