Lippo-Mapletree Indonesia Retail Trust1 (LMIR Trust) is a Singapore-based real estate investment trust (REIT) established with the principal investment objective of owning and investing on a long-term basis in a portfolio of real estate in Indonesia that are primarily used for retail and/or retail-related purposes, and real estate related assets in connection with the foregoing purposes.
LMIR Trust's initial asset portfolio will comprise seven retail mall properties (Retail Malls) and seven retail spaces located within other retail malls. Three of the Retail Malls are located in Jakarta, two in Greater Jakarta (an area encapsulated by Jakarta, Bogor, Depok, Tangerang and Bekasi) and the remaining two in Bandung, Indonesia. As of June 30, 2007, the Retail Malls had an aggregate net lettable area of 219,382 square meters and a weighted average occupancy rate of 91.6% based on committed leases.
SUMMARY
Industry | Real Estate Investment Trusts |
Address | 78 Shenton Way #05-01 Lippo Centre Singapore 079120 Singapore |
Phone | 6564109138 |
Fax | 6562206557 |