Lippo Group launches REIT in Indonesia, eyes $184m

Lippo Group launches REIT in Indonesia, eyes $184m

Photo from Lippo Mall Kemang

Lippo Group, through its fund manager unit Bowsprit Asset Management, has officially launched its first real estate investment trust (REIT) in Indonesia following the government’s tax discount on property introduced last year. The trust, called DIRE Bowsprit Commercial Infrastructure, aims to raise up to $184 million to invest in office buildings in the capital city Jakarta.

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