KEY ASSET ENHANCEMENT INITIATIVES (“AEIs”)
Cibubur Junction
Following the success of the first AEI Flavor Junction
outdoor F&B precinct which opened in Dec 2011, the mall
management embarked on the second phase AEI project
which began in February 2014 and completed in May 2014.
Flavor Junction 2 created 321 sqm NLA occupied by 5 F&B
tenants. Flavor Junction 2 provides mall customers with
WIDER CHOICES OF EXCITING FOOD OFFERINGS
Ekalokasari Plaza
In Feburary 2013, Ekalokasari Plaza commenced asset
enhancement works to reposition the mall as a preferred
ONE STOP FAMILY AND LIFESTYLE MALL IN "OGOR THROUGH THE
UPGRADING OF INTERIOR AND EXTERIOR FAÎADE ENHANCEMENT OF
customer facilities and amenities, increase in parking spaces,
RE LAYOUT OF mOOR SPACES AND TENANCY REMIX
The mall, which will remain open throughout the asset
enhancement period, will be revamped to reflect current
retail trends and requirements. More national and
international branded retailers will be invited to create
AN ECLECTIC MIX OF RETAIL EXPERIENCES )N ADDITION THE MALL
will be renamed Lippo Plaza Ekalokasari to reflect its new
positioning and branding. Hypermart had already replaced
Foodmart supermarket. Matahari Department Store, another
CURRENT ANCHOR TENANT WILL BE EXPANDING AND UPGRADING ITS
department store too.
4HE !%) IS EXPECTED TO COMPLETE IN THE SECOND HALF OF
Sun Plaza
As part of the continuous effort to improve and enhance the
mall, Sun Plaza carried out further asset enhancement work
in 2014. This round of asset enhancement work entailed the
RE LAYOUT OF A SECTION OF THE MALL WHERE THE ESCALATORS WERE
repositioned to improve accessibility and better shoppers
circulation. At the same time, a number of the low yielding
MINI ANCHOR UNITS WERE CONVERTED INTO HIGHER YIELDING AND
crowd pulling retailer unit for H&M.
TOP 10 TENANTS
As at December 2014, LMIR Trust has 3,309 tenants from
diverse trade sectors. Collectively, the top 10 largest tenants
accounted for 20.5% of the total gross rental income.
S/N NAME OF TENANTS
% OF GROSS
RENTAL INCOME
1 MATAHARI
8.1%
2 HYPERMART
4.0%
3
#!22%&/52
3.8%
4 SOLARIA
0.7%
5
%,%#42/.)# 3/,54)/.
0.7%
6 CENTRO
0.7%
7 GRAMEDIA
0.7%
8 FITNESS FIRST
0.7%
9 ACE HARDWARE
0.6%
10 CINEMA 21
0.5%
Cibubur Junction
Cibubur Junction
29
LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
3UN 0LAZA 2EPOSITIONING OF %SCALATORS
3UN 0LAZA ( -
