MANAGER’S REPORT
Portfolio Review
The nineteen Retail Malls have a total NLA of 727,359 sqm. Ten of the Retail Malls
are well-located in Jakarta, Bogor, Cibubur, Cikarang and Bekasi (“Greater Jakarta”),
two in Bandung (the fourth most populous city in Indonesia), two in Medan (the
third most populous city in Indonesia), three in Palembang, one in Binjai and
one in Batu. As at 31 December 2015, the Retail Malls had a weighted average
occupancy of approximately 94%.
These properties are well complemented with both locally and internationally
renowned specialty brands such as H&M, Debenhams, Sogo, M&S, Zara, Ace
Hardware, Fitness First, Sushi Tei, J.Co Donut & Coffee, Starbucks, McDonald’s,
Bread Talk, Timezone, Adidas, Giordano and leading household names including
Matahari Department Store, Carrefour, Best Denki and Cinema XXI to enhance
their appeal as “everyday” one-stop destination malls for consumer spending.
RETAIL MALLS
Bandung Indah Plaza
Jalan Merdeka, Bandung, West Java
No. of Tenants:
252
Gross Floor Area:
75,868 sqm
2015 Appraised Value:
S$82.6m
Net Lettable Area:
30,288 sqm
Occupancy Rate:
99.8%
Cibubur Junction
Jalan Jambore, Cibubur, East Jakarta
No. of Tenants:
199
Gross Floor Area:
66,071 sqm
2015 Appraised Value:
S$50.0m
Net Lettable Area:
34,496 sqm
Occupancy Rate:
99.0%
Ekalokasari Plaza
Jalan Siliwangi 123, Bogor, West Java
No. of Tenants:
48
Gross Floor Area:
57,223 sqm
2015 Appraised Value:
S$38.7m
Net Lettable Area:
27,132 sqm
Occupancy Rate:
92.3%
Gajah Mada Plaza
Jalan Gajah Mada, Central Jakarta
No. of Tenants:
189
Gross Floor Area:
66,160 sqm
2015 Appraised Value:
S$77.4m
Net Lettable Area:
36,432 sqm
Occupancy Rate:
75.9%
LIPPO MALLS INDONESIA RETAIL TRUST
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