Lippo Malls Indonesia Retail Trust Archives - Inside Retail Asia
Reit Lippo Malls Indonesia Retail Trust plans to buy Lippo Mall Puri in West Jakarta for US$261.6 million.
Singaporean mall operator Lippo Malls is optimistic about its fortunes in Indonesia after reporting a high occupancy rate and modest rental growth.
Lippo Malls Indonesia Retail Trust has 16 retail malls and seven retail spaces in its Indonesian portfolio.
It reported gross rental for the third quarter grew 1.6 per cent in local currency, to Rp266.1 million due to an 11.6 per cent rental revision.. But the trust was harmed by the declining value of Indonesia’s currency – when translated t…