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LMIRT to buy retail mall in Jakarta for 3.7t rupiah
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Vivienne Tay
Published Tue, Mar 12, 2019 · 09:50 PM
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Singapore
LIPPO Malls Indonesia Retail Trust (LMIRT) is looking to acquire Lippo Mall Puri in West Jakarta for 3.7 trillion rupiah (S$354.7 million), financed with a combination of debt and equity financing, the Reit's (real estate investment trust) manager said in a regulatory filing.
LMIRT Management, the Reit manager of LMIRT, has entered into a conditional sales and purchase agreement (CSPA) with PT Mandiri Cipta Gemilang for the proposed acquisition of Lippo Mall Puri. PT Mandiri Cipta Gemilang is a wholly owned subsidiary of PT Lippo Karawaci Tbk, which is the sponsor of LMIRT.
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