TRUST
STRUCTURE
The following diagram illustrates the relationships between LMIR Trust and its subsidiaries, the Manager, the Trustee, the
Master Lessee, the Property Manager and the Unitholders.
Management
Fees
Act on
behalf of
Unitholders
Holdings of Units
Fund Raising
Administration
Fee
Distributions
Management
Services
Ownership of ordinary and
redeemable preference
shares
Master Lease
Agreements
Rental
payment
Ownership and
shareholders’
loans
Ownership and
shareholders’
loans
Dividends, interest
income and principal
repayment of
shareholders’ loans
Property
management
services &
coordinator
facilities
management
services
Property management fees
Property management fees
Property management agreements
Property management agreements
Tenancy
agreements
Tenancy
agreements
100.0%
ownership
100.0%
ownership
Dividends, interest
income and principal
repayment of
shareholders’ loans
Ownership of ordinary and
redeemable preference
shares
Dividends and/
or redemption
proceed
Dividends and/
or redemption
proceed
Trustee’s Fees
LMIRT
Management Ltd
(the “Manager”)
HSBC
Institutional Trust
Services (Singapore)
Limited
(the “Trustee”)
7 Retail Space
Singapore SPCs
37 Retail Mall
Singapore SPCs
Unitholders
LMIRT Capital Pte Ltd
19 Indonesian SPCs
7 Indonesian SPCs
PT. Matahari Putra
Prima Tbk/
PT. Multipolar Tbk
(the “Master Lessees”)
PT. Lippo Malls Indonesia
(the “Property Manager”)
Retail Mall
Assets
Retail Space
Assets
Singapore
Indonesia
Tenants
ANNUAL REPORT 2015
15
