ABOUT THE SPONSOR
4HE 3PONSOR OF ,-)2 4RUST IS 04 ,IPPO +ARAWACI 4BK
Indonesia’s largest listed company by total assets, and
revenue. It has a market capitalization of IDR23.5 trillion or
53$ BILLION AS AT
$ECEMBER
The Sponsor’s businesses include urban development,
large scale integrated development, hospitals, retail malls,
hotels and asset management. As at the end of 2014,
04 ,IPPO +ARAWACI 4BK MANAGES MALLS ACROSS )NDONESIA
WITH TOTAL .ET ,EASABLE !REA OF APPROXIMATELY MILLION SQM
and over 12,000 retailers located in 12 major cities. The
malls have an average occupancy rate of over 90% and
cater to more than 200 million visitors per year. The
company plans to develop 15 new retail malls in Indonesia
and to increase the number of malls under management to
50 retail malls by end of 2017, with a focus of developing
and managing community malls which are located in cities
with dense population.
LMIR Trust is the first and
only Indonesian retail estate
investment trust (“REIT”)
which was listed on the
3'8 34 ON .OVEMBER
2007.
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LIPPO MALLS INDONESIA RETAIL TRUST ANNUAL REPORT 2014
