Manager’s Report
Portfolio Review
RETAIL SPACES
The seven Retail Spaces have a total NLA of 94,070 sqm,
and are predominantly utilized as department stores,
SUPERMARKETS 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.
4HE 2ETAIL 3PACES ARE MASTER LEASED TO 04 -ATAHARI 0UTRA
Prima Tbk (Indonesia’s largest retailer by market share) and
04 -ULTIPOLAR 4BK FOR AN INITIAL TERM OF
YEARS WITH lXED
rental growth of 8.0% per annum until 2011 and a base
plus share of percentage of revenue growth thereafter.
GRAND PALLADIUM
MEDAN UNITS
2014 Appraised Value:
Net Lettable Area:
*ALAN +APT -AULANA ,UBIS
Medan, North Sumatera
3
20.1
m
13,417
sqm
#URRENT 5TILISATION
Department Store, Hypermart, Entertainment and Game Centre
JAVA SUPERMALL
UNITS
2014 Appraised Value:
Net Lettable Area:
Jalan MT Haryono, Semarang,
Central Java
3
20.5
m
11,082
sqm
#URRENT 5TILISATION
Matahari Department Store and Foodmart Supermarket
MALANG TOWN
SQUARE UNITS
2014 Appraised Value:
Net Lettable Area:
Jalan Veteran, Malang,
East Java
3
22.2
m
11,065
sqm
#URRENT 5TILISATION
Hypermart, Matahari Department Store and Timezone
DEPOK TOWN
SQUARE UNITS
2014 Appraised Value:
Net Lettable Area:
Jalan Margonda Raya, Depok,
Greater Jakarta
3
22.1
m
13,045
sqm
#URRENT 5TILISATION
Hypermart, Matahari Department Store and Timezone
MALL WTC MATAHARI
UNITS
2014 Appraised Value:
Net Lettable Area:
Jalan Raya Serpong, Tangerang,
Greater Jakarta
3
18.1
m
11,184
sqm
#URRENT 5TILISATION
Hypermart, Matahari Department Store and Timezone
25
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
