Java Supermall Units


Description
Semarang is the capital city of the Central Java province and the fifth largest city in terms of population in Indonesia. With its location along the northern coast of Java, Semarang is an important trading port for the region. Semarang had a population of 1.3 million in 2000 and is estimated to have grown annually at 2.6% per annum, registering a total increase of approximately 1.5 million over the last seven years.

Java Supermall is located within the vicinity of a middle to upper class residential area which is easily accessible from most areas in Semarang. The Java Supermall Units comprise four strata units on the semi-basement, first floor and second floor of the building, aggregating a total NLA of 11,082 sq m, representing 56.0% of the total NLA of Java Supermall. The Java Supermall Units are currently utilised as a department store and supermarket.

Relevant information relating to the Java Supermall Units

The following table sets out other relevant information relating to the Java Supermall Units.

NLA in respect of the Retail Space as at 30 June 2007	11,082 sq m
NLA as a percentage of the NLA of Java Supermall as at 30 June 2007	56.0%
Percentage of contribution to LMIR Trust’s Gross Rent for Forecast Period 2007	2.4%
Appraised value by Knight Frank as at 30 June 2007	S$26.0 million
Appraised value by Colliers as at 30 June 2007	S$25.0 million
NPI from the Retail Space contribution for Forecast Period 2007, Projection Year 2008 and Projection Year 2009 (S$’000)	Forecast Period 2007—836 Projection Year 2008—1,726 Projection Year 2009—1,754

Relevant information relating to Java Supermall

The following table sets out other relevant information relating to Java Supermall

Year of building completion	2000
Land Area	10,800 sq m
NLA	19,800 sq m
Carpark Lots	700
Motorcycle Parking Lots	2,000