Mal Lippo Cikarang

www.yourlippomall.com/mall/cikarang/

Description
Mal Lippo Cikarang is a two-level retail mall located within the Lippo Cikarang estate. The estate is approximately 40 km east of Jakarta and is connected to Jakarta via the Jakarta-Cikampek toll road. Comprising industrial, commercial and residential components, the Lippo Cikarang estate is home to 25,000 residents and approximately 65,000 jobs. Mal Lippo Cikarang is the main shopping centre in the estate and has limited competition within an approximately 10-km radius. The mall is anchored by Matahari Department Store and Hypermart , complemented by a cinema, a bookshop, a video game centre, restaurants and dining outlets.

Tenant profile
As at June 2009, Mal Lippo Cikarang has 183 retail tenants based on Committed Leases. The mall is anchored by Matahari Department Store, Hypermart, which collectively occupy approximately 51 % of the mall’s NLA, and is well complemented by a diverse set of specialty tenants from a wide variety of industries. The prominent specialty tenants include Nokia, Timezone, Toko Buku Utama bookstore, Kentucky Fried Chicken, Wendy’s Restaurant, Pizza Hut, The Executive, Dunkin Donuts and Johnny Andrean Salon.

The mall has achieved an occupancy rate of 86.5 % as at 30 June 2009. With the completion of the extension for Hypermart, the two anchor tenants, Matahari Marketplace supermarket and Matahari Department Store, Hero Supermarket and Hypermart will account for over 66% of the NLA of Mal Lippo Cikarang, which will provide stable and long-term rental income and attract shoppers to the mall.

Year of building completion	1995
Land Area	49,250 sq m
Land Titles	30 yrs / extendable for another 20 years upon expiry on 5 May 2023
Appraised value by Knight Frank as at 31 November 2008	S$51.5 million
GFA as at 30 June 2009	35,456 sq m
NLA as at 30 June 2009	28,705 m
Occupancy rate as at 30 June 2009	86.5%
No of Tenants	183
Key Tenants	Hypermart, Matahari
Car parking lots	505
Motorcycle parking lots	950