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LIPPO MALLS INDONESIA RETAIL TRUST
ANNUAL REPORT 2013
MANAGER’S REPORT
Portfolio Review
LMIR Trust owns a diversified portfolio comprises of 16 Retail Malls with a total NLA of 631,531 sqm. Nine of the Retail Malls are
well-located in Jakarta, Bogor, Depok,TangerangandBekasi (“Greater Jakarta”), two inBandung (the fourthmost populous city in
Indonesia), two inMedan (the thirdmost populous city in Indonesia), two inPalembangandone inBinjai. As at 31December 2013
the Retail Malls had aweighted average occupancy of approximately 94.2%.
These properties are well complemented with both locally and internationally renowned “favourite” specialty brands such as
Fitness First, Sushi Tei, J. Co Donut & Coffee, Starbucks, McDonald’s, BreadTalk and leading household names including Carrefour,
Matahari Department Stores, BestDenki andCinema21 toenhance their appeal as“everyday”one-stopdestinationmalls for both
discretionary and non discretionary consumer spending.
Location :
Jalan Merdeka, Bandung, West Java
2013 Appraised Value :
S$86.5 m
Gross Floor Area :
55,196 sqm
Net Lettable Area :
31,128 sqm
Occupancy Rate :
99.8%
No. of Tenants :
249
BANDUNG
INDAH PLAZA
RETAIL MALLS
Location
: Jalan Jambore, Cibubur, East Jakarta
2013 Appraised Value :
S$52.7 m
Gross Floor Area :
49,341 sqm
Net Lettable Area :
34,561 sqm
Occupancy Rate :
99.1%
No. of Tenants :
208
CIBUBUR
JUNCTION
Location :
Jalan Siliwangi 123, Bogor, West Java
2013 Appraised Value :
S$40.4 m
Gross Floor Area :
39,895 sqm
Net Lettable Area :
26,820 sqm
Occupancy Rate :
80.8%
No. of Tenants :
50
EKALOKASARI
PLAZA
Location
: Jalan Gajah Mada, Central Jakarta
2013 Appraised Value :
S$77.4 m
Gross Floor Area :
66,160 sqm
Net Lettable Area :
36,045 sqm
Occupancy Rate :
96.5%
No. of Tenants :
196
GAJAH MADA
PLAZA
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