SG Realty Dealbook:LMIR to acquire Bali mall;Starhill completes sale of Japan property

Skyline of Singapore financial centre. Credit:Flickr/Paul Chaloner

LMIR Trust is acquiring a retail mall located in Kuta, Bali, while Starhill Global REIT has completed the divestment of its Japanese property for a profit.

LMIR to acquire mall in Bali

LMIRT Management, the manager of Lippo Malls Indonesia Retail Trust, is acquiring Lippo Mall Kuta, a three-storey retail mall located in Kuta, Bali, from sponsor PT Lippo Karawaci Tbk. for a total consideration of S$92.7 million (US$64.25 million). This is subject to approval by unitholders.

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