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LIPPO MALLS INDONESIA RETAIL TRUST
ANNUAL REPORT 2013
MANAGER’S REPORT
Portfolio Review
The Retail Spaces have a total NLA of 94,070 sqm, and are predominantly utilised as department stores, supermarkets,
hypermarkets and/or amusement centres and are housed within other retail malls. Three of the Retail Spaces are located
in Greater Jakarta and the remaining four in the cities of Semarang, Madiun, Malang and Medan. The Retail Spaces are
master-leased to PT. Matahari Putra Prima Tbk, (Indonesia’s largest retailer by market share) and PT Multipolar Tbk, for
an initial term of 10 years with fixed rental growth of 8.0% per annum until 2011 and a base plus share of percentage of
revenue growth thereafter.
RETAIL SPACES
Location
: Jalan Margonda Raya, Depok,
Greater Jakarta
2013 Appraised Value :
S$21.2 m
Net Lettable Area :
13,045 sqm
Current Utilisation :
Hypermart, Matahari Department
Store and Timezone
DEPOK TOWN
SQUARE UNITS
Location
: Jalan Kapt. Maulana Lubis, Medan,
North Sumatera
2013 Appraised Value :
S$20.1 m
Net Lettable Area :
13,417 sqm
Current Utilisation :
Department Store,
Hypermarket, Entertainment and Game Centre
GRAND
PALLADIUM
MEDAN UNITS
Location
: Jalan MT Haryono, Semarang, Central Java
2013 Appraised Value :
S$19.4 m
Net Lettable Area :
11,082 sqm
Current Utilisation :
Matahari Department Store and
Foodmart Supermarket
JAVA SUPERMALL
UNITS
Location
: Jalan Veteran, Malang, East Java
2013 Appraised Value :
S$20.0 m
Net Lettable Area :
11,065 sqm
Current Utilisation :
Hypermart, Matahari Department
Store and Timezone
MALANG TOWN
SQUARE UNITS