About Us

Corporate Profile

Lippo Malls Indonesia Retail Trust ("LMIR Trust") is the only Indonesian retail estate investment trust ("REIT") which was listed on the SGX-ST on 19 November 2007.
Who We Are

Lippo Malls Indonesia Retail Trust ("LMIR Trust") is the only Indonesian retail real estate investment trust ("REIT") listed on the Singapore Exchange Securities Trading Limited.

Since its listing in November 2007, LMIR Trust has grown from strength to strength, guided by a unique investment focus: to provide Unitholders exposure to the growing retail property sector of Indonesia, one of Asia's most dynamic markets.

What We Do

Committed to deliver stable and sustainable returns to Unitholders, LMIR Trust invests and owns quality income-generating retail and retail-related real estate in key cities in Indonesia.

LMIR Management Ltd, the Trust Manager, is focused on driving healthy occupancy rates, as well as balance property and tenant diversification across the portfolio. The Trust Manager is also responsible for increasing and optimising the portfolio's value through strategic acquisitions, proactive asset management and asset enhancement initiatives.

Our Portfolio

LMIR Trust's portfolio of 29 quality assets are strategically located in large population catchment areas in Greater Jakarta, Bandung, Yogyakarta, Medan, Palembang, Bali and Sulawesi, catering mainly to the everday needs of middle to upper-middle income domestic consumers in Indonesia.

Tenants at the retail malls and retail spaces include well-known retailers such as Matahari Department Store, Carrefour, Hypermart and Sogo. These anchor tenants are complemented by popular consumer brands such as Zara, Uniqlo, Muji, Miniso, Giordano, H&M, Adidas, BreadTalk, Starbucks, Ace Hardware, Fitness First and Time Zone to name a few.

The portfolio is defensively placed with staggered lease expiry dates to ensure a steady earnings base.

Key data as at 31 December 2020
Include Lippo Mall Puri acquired in January 2021

Portfolio 22 retail malls, 7 retail spaces
Value of Assets-Under-Management S$1,791.5 million
Total Net Lettable Area 962,629 sqm
Occupancy Rate 84.6%
Weighted Average Lease Expiry 3.8 years