by: Tam Ging Wien

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Lippo Malls Indonesia Retail Trust (LippoMalls) announced in its 12-Mar public release that it will be acquiring Lippo Mall Puri, the retail component of the luxurious St. Moritz Jakarta Integrated Development project.

Located in West Jakarta, St. Moritz is a massive integrated project consisting of grade A office spaces, boutique lifestyle hotels, a private school, residential component, retail component and even and executive helipad!

Source: Lippo Malls Indonesia Retail Trust

The retail