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.