Metropolis Town Square Units


Description
Metropolis Town Square is located in Tangerang city, Banten province, approximately 20 km west of Jakarta’s CBD. The CBD’s strategic location near the main road connecting the toll road to Tangerang city provides easy access to the Jakarta—Merak toll gate and surrounding residential areas in Tangerang.

Tangerang is an industrial and manufacturing city in Greater Jakarta, home to seven industrial estates with a total area of approximately 1,700 ha. Due to its proximity to Jakarta, Tangerang is a popular residential location for commuters who work in Jakarta. In recent years, residential estates and satellite cities (for example, Lippo Karawaci, Bumi Serpong Damai, Kota Modern, Alam Sutra, Summarecon Serpong and
Bintaro Jaya) have been developed in Tangerang.

Metropolis Town Square is located along Jalan Hartono Raya within the Kota Modern residential estate, about 2.6 km south of the city centre of Tangerang. Tangerang’s strategic location between Jakarta and the Soekarno-Hatta International Airport makes it a popular choice for offices and factories. The Indonesian government has continuously been improving the quality of infrastructure between the city and the nation’s capital to accommodate the ever increasing road traffic.

Metropolis Town Square is a one-stop shopping mall located along one of the main roads in Tangerang. Hence, the mall has good accessibility to passing traffic. In addition, the mall is the only major retail development in the Tangerang Municipality. The mall is designed in an art deco style and is located within the Modernland development, a large middle to upper income housing complex.

The Metropolis Town Square Units comprise three strata units on part of the ground floor, first floor and second floor of the building, aggregating a total NLA of 15,248 sq m and representing 25.1% of the total NLA of Metropolis Town Square. The Metropolis Town Square Units are currently utilised as a department store, hypermarket and entertainment and games centre.

Relevant information relating to the Metropolis Town Square Units

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

NLA in respect of the Retail Space as at 30 June 2007	15,248 sq m
NLA as a percentage of the NLA of Metropolis Town Square as at 30 June 2007	25.1%
Percentage of contribution to LMIR Trust’s Gross Rent for Forecast Period 2007	3.3%
Appraised value by Knight Frank as at 30 June 2007	S$33.5 million
Appraised value by Colliers as at 30 June 2007	S$32.2 million
NPI contribution from the Retail Space for Forecast Period 2007, Projection Year 2008 and Projection Year 2009 (S$’000)	Forecast Period 2007—1,156 Projection Year 2008—2,382 Projection Year 2009—2,420

Relevant information relating to Metropolis Town Square

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

Year of building completion	2004
Land Area	38,905 sq m
NLA	60,734 sq m
Carpark Lots	800
Motorcycle Parking Lots	1,200