Depok Town Square Units


Description
Depok is located in the West Java province, situated between southern Jakarta and the northern side of Bogor regency. The city is located approximately 16 km south of Jakarta’s CBD. Depok is renowned as the city of students, being home to four large universities (University of Indonesia, Gunadarma University, Tugu Polytechnic and Jakarta Polytechnic).

Depok’s population is estimated at 1.5 million in 2007 and has shown strong population growth, averaging 3.3% per annum between 2000 and 2005. In line with city population growth, the commercial area of Depok has been growing rapidly for the last few years, as evidenced by a number of modern shopping centre developments and commercial buildings built along the main road of Depok, Jalan Margonda Raya.

Depok Town Square is located on Jalan Margonda Raya, adjacent to the south eastern side of University of Indonesia, a prominent university in Indonesia. The centre has direct access to Pondok Cina Railway Station at its rear entrance, and therefore connects the station to Jalan Margonda Raya.

The Depok Town Square Units comprise four strata units on part of the lower ground floor, first floor and second floor of the building, aggregating a total NLA of 13,045 sq m and representing 31.7% of the total NLA of Depok Town Square. The Depok Town Square Units are currently utilised as a department store, hypermarket and entertainment and games centre.

Relevant information relating to the Depok Town Square Units

The following table sets out other relevant information relating to the Depok Town Square Units.

NLA in respect of the Retail Space as at 30 June 2007	13,045 sq m
NLA as a percentage of the NLA of Depok Town Square as at 30 June 2007	31.7%
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$25.7 million
Appraised value by Colliers as at 30 June 2007	S$24.8 million
NPI contribution from the Retail Space for Forecast Period 2007, Projection Year 2008 and Projection Year 2009 (S$’000)	Forecast Period 2007—861 Projection Year 2008—1,778 Projection Year 2009—1,807

Relevant information relating to Depok Town Square

The following table sets out other relevant information relating to Depok Town Square.

Year of building completion	2005
Land Area	24,634 sq m
NLA	41,129 sq m
Carpark Lots	870
Motorcycle Parking Lots	1,200