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ABOUT LMIR TRUST
Lippo Malls Indonesia Retail Trust (“LMIR
Trust”) is the frst and only Indonesian retail
related real estate investment trust (“REIT”).
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Indonesia’s growing economy and
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established with the principal objective
of owning and investing, on a long term
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producing real estate in Indonesia that
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related purposes. The Trust Manager‘s
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assets by maintaining high occupancy,
ba l an c ed p r ope r t y and t enan t
diversifcation across the portfolio, through
proactive asset management of the retail
malls and spaces.
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(collectively, the “Retail Malls”) and seven
(7) major retail spaces located within other
malls in Indonesia (collectively, the “Retail
Spaces”). All of these properties are located
in Indonesia with a combined net lettable
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Strategically located within the large
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areas in Greater Jakarta, Bandung, Medan,
Palembang and Binjai, LMIR Trust’s retail
mal l proper t ies are ever yday mal ls
favoured by middle income domestic
consumers in Indonesia. Tenants at the
retail malls and retail spaces include
well known retailers such as Matahari
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as well as popular consumer brands such as
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Occupancy for the portfolio remains
higher than the industr y average,
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Going forward, LMIR Trust will focus on
organic growth through proactive asset
management to maintain its strong
occupancy as well as strategic acquisition
whenever it is appropriate.
defensively placed with staggered lease
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Going forward, LMIR Trust will focus on
organic growth through proactive asset
management to maintain its strong
occupancy as well as strategic acquisition
whenever it is appropriate.
ABOUT THE SPONSOR
The Sponsor of LMIR Trust is PT Lippo
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property company by Revenues and Total
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businesses include urban development,
large scale integrated development,
hospitals, retail malls, hotels and asset
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The malls have an average occupancy
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200 million visitors per year. The company
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Indonesia and to increase the number of
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andmanaging communitymalls which are
located in cities with dense population.
4 LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2013