Grand Palladium Medan Units

Description
Medan, the provincial capital of the North Sumatra, is the largest city in Sumatra and the third most populous city in Indonesia after Jakarta and Surabaya. It is a cosmopolitan city with a population of over 2.0 million.

Medan is a growing commercial centre in the region, mainly with agriculture and industry businesses. The city was transformed from a tobacco plantation village in the 19th century to a major government and commercial centre at present.

In terms of economic activity, Medan relies on its natural resources as well as processing industries. Over the years, Medan has been a supplier of vegetable oil, seafood, crafts and various agricultural products to a number of Asian and European countries.

Grand Palladium Medan is conveniently located within the MedanCBD and is only 2.5 km from the Polonia International Airport. The mall is located in the centre of Medan, hence drawing shoppers from all around the city. It is surrounded by government and business offices and the town hall, and therefore benefits from regular crowds of government and business visitors. The mall will potentially witness greater visitor traffic
from the proposed office and hotel developments in the vicinity.

The Grand Palladium Medan Units comprise four strata units in part of the basement, lower ground floor, upper ground floor, first floor and third floor of the building, aggregating a total NLA of 13,417 sq m, representing 45.8% of the total NLA of Grand Palladium Medan. The Grand Palladium Medan Units are currently utilised as a department store, hypermarket and entertainment and games centre.

Relevant information relating to the Grand Palladium Medan Units

The following table sets out other relevant information relating to the Grand Palladium Medan Units.

NLA in respect of the Retail Space as at 30 June 2007	13,417 sq m
NLA as a percentage of the NLA of Grand Palladium Medan as at 30 June 2007	45.8%
Percentage of contribution to LMIR Trust’s Gross Rent for Forecast Period 2007	2.6%
Appraised value by Knight Frank as at 30 June 2007	S$26.2 million
Appraised value by Colliers as at 30 June 2007	S$25.2 million
NPI contribution from the Retail Space for Forecast Period 2007, Projection Year 2008 and Projection Year 2009 (S$’000)	Forecast Period 2007—886 Projection Year 2008—1,829 Projection Year 2009—1,859

Relevant information relating to Grand Palladium Medan

The following table sets out other relevant information relating to Grand Palladium Medan.

Year of building completion	2005
Land Area	10,640 sq m
NLA	29,272 sq m
Carpark Lots	1,200
Motorcycle Parking Lots	700