As one of the most experienced and successful developers in Indonesia, Lippo Karawaci also has the expertise in developing and managing various property-related businesses. These unique strengths has made it possible for the Company to pursue exciting new business opportunities in property and portfolio management.
In 2007, Lippo Karawaci successfully established LMIR Trust Management Ltd. to manage LMIR Trust. LMIR Trust, which is listed on the Singapore Stock Exchange on 19 November 2007, is the first REIT in Singapore to provide exposure to Indonesia’s growing retail sector with an asset portfolio comprise of sixteen high quality retail malls and seven retail spaces located within other retail malls, which are all strategically located in Greater Jakarta, Bandung, Medan, Palembang and Binjai. LMIR Trust has right of first refusal on leased malls developed and built by Lippo Karawaci.
Lippo Karawaci continues to strengthen its position as the largest mall operator in Indonesia, as well as a key hotel operator. From management of the REITs, retail and hotel properties, Lippo Karawaci derives fee-based income. The Company believes that future growth in management of these types of assets will further enhance profitability.
