JAKARTA, KOMPAS.com – At the general meeting of the extraordinary shareholders (EGM) in Bali, 30 November 2016 and LMIRT Management Ltd., as manager of Lippo Malls Indonesia Retail Trust (LMIR Trust), approved the acquisition of Lippo Mall Kuta. A total of 69.59 percent of the vote of the shareholders approved the acquisition.
Lippo Mall Kuta is a three-storey shopping center in Kuta, Bali. Mal began operations in 2013 ago.
“This acquisition provides benefits to the unitholders for enlarging the portfolio LMIR Trust and increase revenue,” said Executive Director LMIR Trust, Viven Gouw Sitiabudi, in a written statement on Tuesday ( 12.06.2016).
acquisition, further Viven, will expand the reach LMIR Trust in the retail mall sector in Indonesia. In addition, the corporate action also allows LMIR optimize operating costs and portfolio as well as increase the bargaining power of tenants.
“This Kuta allows LMIR Trust to diversify the portfolio across Indonesia, thereby reducing the risk of concentration of assets is the greater,” said Viven.
Meanwhile, President Director of PT Lippo Karawaci Tbk (LPKR) Ketut Budi Wijaya stated pleased to see the majority of unitholders LMIR Trust approved the acquisition of shopping centers such.
“this transaction confirmation asset strategies light LPKR ongoing and is expected to increase revenue and profit growth LPKR overall in 2016, “said Ketut.
Currently, through two public companies primarily, PT Lippo Cikarang Tbk (LPCK) and PT Gowa Makassar Tourism Development Tbk (GMTD) with ownership respectively 54.4 percent and 59.8 percent, LPKR developing and managing urban areas in Lippo Cikarang in Bekasi and Tanjung Bunga in Makassar. LPKR founded and sponsored two REITs listed on the Singapore Stock Exchange, the First Real Estate Investment Trust (First REIT) and Lippo Malls Indonesia Retail Trust (LMIR Trust).
The LMIR Trust is an investment fund of real estate Singapore listed on the Singapore Stock Exchange on 19 November 2007. Currently LMIR Trust’s asset portfolio consists of 19 retail malls and seven retail spaces.
– ADVERTISEMENT –
properti.kompas.com
0 Response to "Acquisition LMIRT Lippo Mall Kuta"
Post a Comment