Plaza Madiun



Description
The city of Madiun, with a total population of 0.2 million (based on a 2005 census), is the capital city of Madiun regency in the East Java province. The Madiun regency has a total land area of 1,011 sq km and its population exceeds 0.6 million (based on a 2001 census). (See Appendix F of the LMIR Trust Prospectus—Independent Report on the Indonesian Retail Property Market.)

Madiun has benefited from its position which connects major cities in Central and East Java. It is the home of Indonesia’s first and largest train manufacturer and is a major sugar producer in Java. The industrial sector and trade, hotel and restaurant businesses are key revenue generators for the city, having contributed around 27.0% and 20.0%, respectively, to Madiun’s GRDP (based on economic statistics in 2004).

Plaza Madiun is located along Jalan Pahlawan, a major road of the city which is also the primary thoroughfare in the city of Madiun. The street is positioned in the centre of the commercial and administrative zone, at the crossroad of three existing subdistricts of Madiun. Most of the prominent buildings in Madiun are included in this precinct, including the City Hall, Merdeka Hotel, Tentara Hospital and Pasaraya Shopping Centre. Jalan Pahlawan is accessible from Jalan Sudirman, another major thoroughfare in the city.

Plaza Madiun enjoys high pedestrian traffic from Jalan Pahlawan and is in close proximity to various forms of public transportation options.

Plaza Madiun, aggregating a total NLA of 19,029 sq m situated on two HGB titles, comprises the basement, first floor, second floor and third floor and are currently occupied by a supermarket and a department store.

Relevant information relating to Plaza Madiun

The following table sets out other relevant information relating to Plaza Madiun.

NLA as at 30 June 2007	19,029 sq m
NLA as a percentage of the NLA of Plaza Madiun as at 30 June 2007	100.0%
Percentage of contribution to LMIR Trust’s Gross Rent for Forecast Period 2007	3.1%
Appraised value by Knight Frank as at 30 June 2007	S$33.4 million
Appraised value by Colliers as at 30 June 2007	S$31.8 million
NPI contribution for Forecast Period 2007, Projection Year 2008 and Projection Year 2009 (S$’000)	Forecast Period 2007—1,081 Projection Year 2008—2,228 Projection Year 2009—2,264

Year of building completion	2000
Land Area	5,583 sq m
NLA	19,800 sq m
Carpark Lots	80
Motorcycle Parking Lots	400