Lippo Malls Indonesia Retail Trust (D5IU)

Overview

LMIR Trust is a distinguished Singapore-based real estate investment trust (REIT) that specializes in the acquisition and long-term investment in a variety of income-producing real estate properties in Indonesia. These properties are predominantly utilized for retail and retail-related purposes, reflecting a focused investment strategy aimed at the thriving retail sector. With a portfolio encompassing 22 Retail Malls and seven Retail Spaces located within other retail malls, collectively referred to as the "Properties," LMIR Trust is positioned as a significant player in the retail real estate market. As of 31 December 2023, the Properties boast a total net lettable area of 952,112 square meters and a total carrying value of Rp17,998.6 billion. Strategically situated in major Indonesian cities with a substantial middle-income population, LMIR Trust's assets are well-placed to capitalize on consumer demand and retail growth opportunities in the region.

Products and Services

LMIR Trust’s portfolio is designed to cater to a wide range of retail needs and preferences, with tenants that are well-recognized in both the local and international retail markets. The diverse offering includes:

• Retail Malls: These are centrally located in major Indonesian cities and house a mix of tenants to serve the vast retail demand. These malls are designed to offer a comprehensive shopping experience, featuring a variety of stores, food outlets, and entertainment options to cater to the diverse needs of shoppers.
• Retail Spaces: Located within other retail malls, these spaces are strategic extensions of LMIR Trust’s portfolio, offering additional retail options and enhancing the overall shopping experience for consumers. They accommodate a range of tenants, from international brands to local outlets, ensuring a broad selection for shoppers.

LMIR Trust's Properties play host to an impressive array of tenants, including but not limited to:

• Flagship department stores such as Hypermart, Matahari Department Store, and Sogo, which are cornerstones of the retail offerings, drawing significant consumer footfall to the Properties.
• Global fashion retailers like Zara, Uniqlo, H&M, Adidas, and Victoria Secret, providing access to the latest trends and styles to meet the fashion needs of the Indonesian market.
• Lifestyle and specialty stores such as Giordano, Starbucks, Fitness First, Timezone, Miniso, and Ace Hardware, offering a wide range of products and services from casual wear, coffee shops, fitness centers, entertainment options, home goods, to DIY tools, respectively, catering to the diverse lifestyle preferences of consumers.