Manager’s Report
Operations Review
PORTFOLIO LEASE PROFILE
The average lease tenure for specialty tenants in our
portfolio ranges between three to five years whilst the same
for anchor tenants is ten years. The total weighted average
lease term for the portfolio as of 31 December 2014 was
4.88 years.
Lease Expiry Profile by NLA as at 31 December 2014
WEIGHTED AVERAGE OCCUPANCY
As of 31 December 2014, LMIR Trust’s portfolio occupancy
of 94.7 percent remained higher than the industry average
0%
10%
20%
30%
40%
2015
2016
2017
2018
2019 & Beyond
33%
9%
25%
7%
15%
NO. MALLS
FY2014*
FY2013
1 Bandung Indah Plaza
99.9%
99.8%
2 Cibubur Junction
98.6%
99.1%
3 Ekalokasari Plaza
94.1%
80.8%
4 Gajah Mada Plaza
77.1%
96.5%
5 Istana Plaza
99.7%
99.9%
6 Mal Lippo Cikarang
99.9%
99.5%
7 The Plaza Semanggi
90.3%
92.8%
8 Sun Plaza
97.9%
99.2%
9 Plaza Medan Fair
97.8%
97.0%
10 Pluit Village
87.7%
84.6%
11
,IPPO 0LAZA +RAMAT *ATI
86.8%
77.9%
12
0ALEMBANG 3QUARE %XTENSION
99.8%
99.7%
13 Tamini Square
100.0%
100.0%
14 Palembang Square
97.4%
96.5%
15 Pejaten Village
99.3%
99.1%
16 Binjai Supermall
90.4%
98.8%
17
,IPPO -ALL +EMANG
93.2%
A Mall Portfolio
93.9%
94.2%
B Retail Spaces
100.0%
100.0%
A+B Total Portfolio
94.7%
95.0%
of 85.3 per cent as reported in Cushman & Wakefield’s
4
th
Quarter 2014 MarketBeat report.
INCLUDING TEMPORARY LEASING
27
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
