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Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

Property

Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

PC Lee Published on Mon, Oct 16, 2017 / 9:22 AM GMT+8

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SINGAPORE (Oct 16): Lippo Malls Indonesia Retail Trust (LMIRT) is acquiring two malls from its sponsor for $110 million.

In the first acquisiton, LMIRT and First Real Estate Investment Trust (First REIT) are jointly acquiring an integrated development in Jogjakarta for a consideration of Rp 834.6 billion ($88.1 million).

The Jogyakarta property comprises a hospital component known as Siloam Hospitals Yogyakarta (SHYG) and a retail mall component known as Lippo Plaza Jogjakarta (LPJ).

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Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

Property

Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

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Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

Property

Lippo Malls Indonesia Retail Trust to acquire 2 malls for $110 mil; First REIT snaps up hospital component

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