Mall WTC Matahari Units


Description
Mall WTC Matahari is located along Jalan Serpong Raya, Serpong within administrative area of Tangerang regency, Banten province. It is situated approximately 18 km west of Jakarta’s CBD.

Tangerang is renowned as an industrial and manufacturing city in the Greater Jakarta area, being home to seven industrial estates with a total area of approximately over 1,700 ha.

Due to its proximity to Jakarta, Tangerang benefits from the urban expansion of Jakarta and is home to commuters who work in Jakarta. In recent years, residential estates and satellite cities with their facilities have been developed in Tangerang.

Mall WTC Matahari is strategically located along the main road connecting the BSD residential estate, the largest residential estate in Greater Jakarta. It has proposed development area of 6,000 ha with currently 1,500 ha developed and occupied by over 15,000 households. In recent years, BSD City has experienced rapid growth in terms of the number of housing units and retail shop houses which have been built. This has also successfully enhanced Mall WTC Matahari’s target market segment from middle to middle-upper and upper class.

The Mall WTC Matahari Units comprise four strata units on part of the ground floor, upper ground floor, mezzanine and second floor of the building, aggregating a total NLA of 11,184 sq m, representing 23.2% of the total NLA of Mall WTC Matahari. The Mall WTC Matahari Units are currently utilised as a department store, hypermarket and entertainment and game centre.

Relevant information relating to the Mall WTC Matahari Units

The following table sets out other relevant information relating to the Mall WTC Matahari Units.

NLA in respect of the Retail Space as at 30 June 2007	11,184 sq m
NLA as a percentage of the NLA of Mall WTC Matahari as at 30 June 2007	23.2%
Percentage of contribution to LMIR Trust’s Gross Rent for Forecast Period 2007	2.5%
Appraised value by Knight Frank as at 30 June 2007	S$25.2 million
Appraised value by Colliers as at 30 June 2007	S$24.3 million
NPI contribution from the Retail Space for Forecast Period 2007, Projection Year 2008 and Projection Year 2009 (S$’000)	Forecast Period 2007—843 Projection Year 2008—1,742 Projection Year 2009—1,770

Relevant information relating to Mall WTC Matahari

The following table sets out other relevant information relating to Mall WTC Matahari.

Year of building completion	2003
Land Area	35,886 sq m
NLA	48,204 sq m
Carpark Lots	1,101
Motorcycle Parking Lots	500