by: Tam Ging Wien

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Lippo Malls Indonesia Retail Trust (LMIRT) announced on Monday (31-Aug-2020) that it has reached an agreement with PT Mandiri Cipta Gemilang to acquire the strata title units of Lippo Mall Puri at a revised purchase consideration of 3.5 trillion rupiah or approximately S$330.2mil. This represents a discount of 9.47% and 3.47% to the average of the two Independent Valuations with Vendor Support and without Vendor Support, respectively.

PT Mandiri Cipta Gemilang is a wholly-owned subsidiary of the