MANAGER’S REPORT
Operations Review
KEY ASSET ENHANCEMENT
INITIATIVES (“AEIs”)
Sun Plaza
Sun Plaza carried out another asset
enhancement works in June 2015 to
the ground floor and level 1 area at
the north entrance and the works are
completed and handed over to the
tenant in December 2015. This area
was previously a mixed zone of food
& beverage and fashion tenants with a
grand stairway from the entrance. The
AEI works has convert the area into
leasable unit of 2,540 sqm, adding 316
sqmof net leaseable floor area. The new
space is taken up by Zara and it will be
the first Zara store inMedan. By bringing
in renowned international brands like
H&M and Zara into Sun Plaza, Sun Plaza
has attracted numerous interests from
other international brands to open their
stores in the mall.
TOP 10 TENANTS
As at December 2015, LMIR Trust
has 3,241 tenants from diverse trade
sectors. Collectively, the top 10 largest
tenants accounted for 22.5%of the total
gross rental income.
S/N Name of Tenants
% of Gross
Rental
Income
1 Matahari
Department Store
9.4%
2 Hypermart
6.1%
3 Carrefour
3.5%
4 Gramedia
0.7%
5 Solaria
0.5%
6 Fitness First
0.5%
7 Cinema 21
0.5%
8 Electronic Solution
0.5%
9 Giant Supermarket
0.4%
10 Ace Hardware
0.4%
ANNUAL REPORT 2015
29
1 Ground Floor before AEI
2 Level 1 before AEI
3 & 4 After AEI, Zara preparing the store for opening
3
1
2
4
