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14 LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013
LETTER TO UNITHOLDERS
It is the intention of the REIT Manager to
apply these funds toward the growth of
the LMIR Trust portfolio.
OUTLOOK
The economy of Indonesia continues to be
supported by the burgeoning domestic
demand, increasing foreign investment
and government spending. The middle
class continues to grow in number and
spending capacity, whilst the urban
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growth for the coming future, providing
ongoing support for a continued strong
performance of our portfolio.
The growth in economic activities is
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a tremendous platform from which to
further enhance growth and return to
unit holders and we look forward to realise
these opportunities.
Aga inst thi s prospect i ve out look ,
Management will continue to look out
for good yield accretive assets in Indonesia
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and consumptions. Management will
also continue to focus on improving
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as rental yields through active asset
enhancement programs.
ACKNOWLEDGEMENT
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our tenants and business partners for their
loyal support, and special gratitude to our
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in us as the Manager for LMIR Trust. Last
but not least, we like to acknowledge the
outstanding contribution from our staf
over the past year.
On beha l f of the Board and the
management of LMIRT Management Ltd,
we look forward to working together with
you to embark on the transformation
journey of the Trust and achieve new
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Albert Saychuan Cheok
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Alvin Cheng
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