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LMIRT, First Reit announce mall, retail space closures as Jakarta considers lockdown

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Ng Ren Jye

Published Tue, Mar 31, 2020 · 09:50 PM

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Singapore

LIPPO Malls Indonesia Retail Trust (LMIRT) and First Real Estate Investment Trust (First Reit) on Tuesday announced closures of their malls from April 1 to 14.

Their statements come after Indonesia President Joko Widodo said on Monday that regulation is in the works for a lockdown across the country involving closures of non-essential businesses and a movement control order.

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