The Plaza Semanggi



Description
The Plaza Semanggi is a modern shopping centre comprising seven storey and two basement levels shopping centre and 13 levels of office floors, with a carpark comprising approximately 1,100 parking lots. The Plaza Semanggi is strategically located in the heart of Jakarta’s CBD within the city’s Golden Triangle at the Semanggi interchange, which is a junction channelling north-south and east-west traffic across central Jakarta. The centre is situated among many commercial buildings and adjacent to Atmajaya University, one of Jakarta’s most prominent universities. Anchored by Centro Department Store and Giant Hypermarket, the 479 tenants (as at 30 June 2007) provide all categories of shoppers with a diverse and comprehensive tenant mix. The Plaza Semanggi offers both destination and convenience shopping, and is supported by its central location, which is easily accessible by cars and public transport.

Tenant profile
As at 30 June 2007, The Plaza Semanggi had 479 retail tenants based on Committed Leases. The mall is anchored by the only Centro Department Store located in Jakarta. This Centro Department Store occupies three levels, namely the upper ground level, level one and level two, with Fitness First also occupying space across these three levels.

The lower ground floor is occupied by Giant Hypermarket. The ground floor includes a significant number of retailers selling F&B, retail services, gifts, and health and beauty products.

The upper ground floor contains a number of international fashion retailers to complement the department store and to cater for middle to upper middle income visitors. High profile tenants on the upper ground level include Planet Surf, Giordano, Adidas, Da Vinci jewellery, Starbucks, Bread Talk and a number of optical
retailers.

The first floor mainly comprises fashion retailers selling accessories and shoes. The second level focuses on mobile phones, electronics and computers. The third level is dominated by household wares and furniture retailers. Duck King, a popular local restaurant, is also on the third level. Level 3A houses a traditional food court with small hawker style retailers and a restaurant precinct. The cinema complex is located on the fifth level.

As at 30 June 2007, the average monthly rental rate of specialty stores in The Plaza Semanggi is approximately Rp. 119,000 per sq m.

Year of building completion	2003
Land Area	19,000 sq m
Appraised value by Knight Frank as at 30 June 2007	S$214.8 million
Appraised value by Colliers as at 30 June 2007	S$211.1 million
GFA as at 30 June 2007	91,232 sq m
NLA as at 30 June 2007	58,685 sq m
Occupancy rate as at 30 June 2007	96.4%
Car parking lots	1,100
Motorcycle parking lots	750
Population catchment	270,387 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)

3 Current ongoing asset enhancement works to include a new alfresco café area called the “Plangi on the Sky” café will increase NLA by an estimated 3,000 sq m, bringing total NLA to approximately 61,685 sq m by the end of 2007.