by: Tam Ging Wien

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Lippo Malls Indonesia Retail Trust (D5IU.SI, LippoMalls) announced on 30-Dec-2019 (Thursday) that it proposes to divest 2 assets to Nirvana Wastu Pratama, better known as NWP Retail (NWP) – namely Pejaten Village and Binjai Supermall for Rp1,280bil (S$124.3mil). Together with this transaction, NWP is also acquiring another 3 malls directly from entities affiliated with the Lippo Group, Central Plaza in Bandar Lampung on South Sumatra, Duta Plaza in Denpasar