Corporate Milestones
October
Established under the name of PT Tunggal Reksakencana.
January
Started Lippo Village Township
October
Started Lippo Cikarang Township
June
Initial Public Offering of 30.8 mn shares
June
Started Tanjung Bunga Township
February
1st Rights Issue of 607.8 mn shares at Rp500/share, issued & listed on the JSX and SSX
September
Launched its first retail strata-titled project, and followed by 7 others
July
Merger of 8 property-related companies, in Property, Healthcare & Hospitality business
January
2nd Rights Issue of 881.9 mn new shares at Rp1,050/share
September
Launched City of Tomorrow (CITO), its first large scale integrated development in Surabaya
March
USD 250 mn bonds issuance, at the rate of 8.875% p.a. issue price 100%, due 2011
August
Stock Split 1:2
December
The listing of First REIT on the SGX, offering 271.4 mn units at price of SGD 0.71/unit
January
Launched San Diego Hills Memorial Park
July
Launched Kemang Village, a large scale integrated development in South Jakarta
November
LMIRT was listed in SGX, sponsored by the Company
December
Stock Split 1:2.5
August
Launched The St. Moritz, a large scale integrated development in West Jakarta
December
Opening of Pejaten Village, its first leased mall, in South Jakarta
January
Formalised its 6 Business Units: Urban Development, Large Scale Integrated, Healthcare, Retail Malls, Hospitality and Infrastructure and Property and Portfolio Management
August
Opened PX Paivilion in St Moritz, West Jakarta
May
US$ 270 mn bonds issuance, at the rate of 9% p.a. issue price 100%, due 2015
December
3rd Rights Issue of 4.32 bn new shares at Rp550/share
March
USD 125 mn bonds issuance, at the rate of 9% p.a. offered at 108%, due 2015
May
Non Pre-emptive Rights Issuance of 1.45 bn new shares at Rp660/share
May
USD 150 mn bonds issuance, at the rate of 7% p.a. offered at 99.32%, due 2019
August
Launched Nine Residence, an integrated project in North Kemang
October
USD 100 mn bonds issuance, at the rate of 7% p.a. offered at 105.25%, due 2019
November
Successfully completed the debt exchange offer of USD 395.6 million, 9% notes due 2015 to be exchanged for new senior notes which will mature in 2020
January
USD 130 mn bonds issuance, at the rate of 6.125% pa, offered at 104.375%, due 2020
April
The settlement of the entire balance of the unsecured bond amounting to USD 119,229,000 at a price of 104.5%
May
Launched Holland Village, a new integrated project in Central Jakarta. 240 units apartment was sold out within 3 hours.
September
Siloam International Hospitals (SILO) successfully listed in Indonesia Stock Exchange at Rp 9000/share, valuing SILO at USD 1 billion
October
Sold all premium office units in Lippo Thamrin within 36 hours since sales started. Lippo Thamrin offers 13,000 sqm, however approximately 25,000 sqm in priority passes were sold, hence about 200% oversubscribed.
January
Launched St Moritz Panakukang, an integrated development project in the city center of Makassar
March
Launched Embarcadero, an integrated development in Bintaro
March
LPKR placed 82.5 million SILO shares or 7.1% of total shares outstanding for total proceed of Rp 858 billion
April
US$150 mn bonds issuance, at the rate of 7% pa, offered at par, due 2022
May
Launched Lippo Office Holland Village, a 18 th story office tower located inside Holland Village integrated development project with total SGA of around 21,600 sqm, located in Central Jakarta
August
Lippo Karawaci launched Hillcrest House and Fairview Tower, two condo towers that marks the beginning of the integrated development in Lippo Village CBD, Karawaci, called Millennium Village with investment value of Rp200 Trillion
October
Launched Holland Village, second phase, an integrated project in Central Jakarta whereby 190 condo units was 90% sold within 5 hours
November
Launched Embarcadero Eastern Wing, second times following the successful launched of Western Wing earlier in the same year, whereby 156 units condos was sold out 91% within 5 hours.
November
Lippo Cikarang launched Irvine Suites and Westwood, which were residential apartments complex and will be the “first home” in Orange County with 32 world-class facilities and located right in the middle of Lippo Cikarang, Delta Mas and Jababeka.
February
LPKR placed 92.8 million SILO shares or 8% of total shares outstanding for total proceed of Rp 1.14 trillion
March
Lippo Cikarang launched Pasadena Suites which is the third tower in Orange County in Lippo Cikarang. Pasadena Suites units ranging from 41 to 128 square meter including 1 to 3 bedrooms with unique features in which a module choice as 1 unit of bedroom can be combined with choice of 2 modules into 2 bedrooms and the next module with 3 bedrooms. Total 419 units were sold out 100% during the launched date.
May
LPKR successfully launched Monaco Bay, the first integrated development in the CBD of Manado. Its bulit on 2.2 ha land, the 40th floor tower which consisted of 1, 2 and 3 bedroom apartment was presold during the grand preview.
June
Lippo Homes, launched its latest prestigious project "Holland Village"; a premier Mixed-Use Smart City Integrated Development worth Rp1.3 trillion in Manado, North Sulawesi. This residential and commercial area concept is located in the prime new CBD area in Manado. Holland Village Manado will be developed on 11.6 hectares area and according to the plan, there will be approximately 500 residential units in it.
June
Sold 100% the 4th tower in Orange County, Burbank to a single Japanese investor
December
Launched the 5th tower in Orange County, Glendale Park, a joint cooperation building development with Mitsubishi Corp, Japan, 97% sold during the launched date
November
Launched the 6th tower in Orange County, Newport Park, the 2nd tower that jointly developed with Mitsubishi Corp, Japan, 87% presold during the launched date
September
Lippo Karawaci sold 17.6% units of First REIT to OUE.
March
Lippo Karawaci announced a comprehensive strategic transformation plan to recapitalize the Company, revamp its leadership team and re-focus its business on its three core competencies. As part of the transformation plan, the Company has secured a USD1,010 million funding.
April
Lippo Karawaci has completed the sale of its interests in two healthcare joint ventures in Myanmar to two indirect wholly owned subsidiaries of OUE Lippo Healthcare Limited (“OUELH”). for USD19.5 million.
May
Lippo Karawaci welcomed the commitment of private equity firm Gateway Partners LLC to participate in its rights issue.
July
Lippo Karawaci successfully launched a new landed housing project Cendana Homes in Lippo Village, the first in four years, where all units were sold in under six hours during the initial launching.
January
Lippo Karawaci completed the divestment of Lippo Mall Puri to LMIRT for Rp3.5 trillion.
March
In Largest Launch yet, Lippo Karawaci sold over 700 Landed Homes in Lippo Village (Cendana Icon).
June
The Company launched Cendana Parc – Phase I and sold over 400 Landed Homes in Lippo Village
June
Lippo Karawaci hosted its first electronic General Meeting of Shareholders
September
Lippo Karawaci launched Cendana Parc - Phase II and sold over 700 Landed Homes in Lippo Village.
October
Lippo Karawaci launched its first commercial cluster at Karawaci Hive@Parc and Hive@HImalaya. A total of 81 units were sold out within 3 hours.
October
Lippo Karawaci launched Cendana Cove - Phase I and sold over 200 Landed Homes in Lippo Village.
December
Sale of unit in LMIRT by Bridgewater International Limited.
Year Month Detail
1990 October Established under the name of PT Tunggal Reksakencana.
1993 January Started Lippo Village Township
1993 October Started Lippo Cikarang Township
1996 June Initial Public Offering of 30.8 mn shares
1997 June Started Tanjung Bunga Township
1998 February 1st Rights Issue of 607.8 mn shares at Rp500/share, issued & listed on the JSX and SSX
2002 September Launched its first retail strata-titled project, and followed by 7 others
2004 July Merger of 8 property-related companies, in Property, Healthcare & Hospitality business
2005 January 2nd Rights Issue of 881.9 mn new shares at Rp1,050/share
2005 September Launched City of Tomorrow (CITO), its first large scale integrated development in Surabaya
2006 March USD 250 mn bonds issuance, at the rate of 8.875% p.a. issue price 100%, due 2011
2006 August Stock Split 1:2
2006 December The listing of First REIT on the SGX, offering 271.4 mn units at price of SGD 0.71/unit
2007 January Launched San Diego Hills Memorial Park
2007 July Launched Kemang Village, a large scale integrated development in South Jakarta
2007 November LMIRT was listed in SGX, sponsored by the Company
2007 December Stock Split 1:2.5
2008 August Launched The St. Moritz, a large scale integrated development in West Jakarta
2008 December Opening of Pejaten Village, its first leased mall, in South Jakarta
2009 January Formalised its 6 Business Units: Urban Development, Large Scale Integrated, Healthcare, Retail Malls, Hospitality and Infrastructure and Property and Portfolio Management
2009 August Opened PX Paivilion in St Moritz, West Jakarta
2010 May US$ 270 mn bonds issuance, at the rate of 9% p.a. issue price 100%, due 2015
2010 December 3rd Rights Issue of 4.32 bn new shares at Rp550/share
2011 March USD 125 mn bonds issuance, at the rate of 9% p.a. offered at 108%, due 2015
2011 May Non Pre-emptive Rights Issuance of 1.45 bn new shares at Rp660/share
2012 May USD 150 mn bonds issuance, at the rate of 7% p.a. offered at 99.32%, due 2019
2012 August Launched Nine Residence, an integrated project in North Kemang
2012 October USD 100 mn bonds issuance, at the rate of 7% p.a. offered at 105.25%, due 2019
2012 November Successfully completed the debt exchange offer of USD 395.6 million, 9% notes due 2015 to be exchanged for new senior notes which will mature in 2020
2013 January USD 130 mn bonds issuance, at the rate of 6.125% pa, offered at 104.375%, due 2020
2013 April The settlement of the entire balance of the unsecured bond amounting to USD 119,229,000 at a price of 104.5%
2013 May Launched Holland Village, a new integrated project in Central Jakarta. 240 units apartment was sold out within 3 hours.
2013 September Siloam International Hospitals (SILO) successfully listed in Indonesia Stock Exchange at Rp 9000/share, valuing SILO at USD 1 billion
2013 October Sold all premium office units in Lippo Thamrin within 36 hours since sales started. Lippo Thamrin offers 13,000 sqm, however approximately 25,000 sqm in priority passes were sold, hence about 200% oversubscribed.
2014 January Launched St Moritz Panakukang, an integrated development project in the city center of Makassar
2014 March Launched Embarcadero, an integrated development in Bintaro
2014 March LPKR placed 82.5 million SILO shares or 7.1% of total shares outstanding for total proceed of Rp 858 billion
2014 April US$150 mn bonds issuance, at the rate of 7% pa, offered at par, due 2022
2014 May Launched Lippo Office Holland Village, a 18 th story office tower located inside Holland Village integrated development project with total SGA of around 21,600 sqm, located in Central Jakarta
2014 August Lippo Karawaci launched Hillcrest House and Fairview Tower, two condo towers that marks the beginning of the integrated development in Lippo Village CBD, Karawaci, called Millennium Village with investment value of Rp200 Trillion
2014 October Launched Holland Village, second phase, an integrated project in Central Jakarta whereby 190 condo units was 90% sold within 5 hours
2014 November Launched Embarcadero Eastern Wing, second times following the successful launched of Western Wing earlier in the same year, whereby 156 units condos was sold out 91% within 5 hours.
2014 November Lippo Cikarang launched Irvine Suites and Westwood, which were residential apartments complex and will be the “first home” in Orange County with 32 world-class facilities and located right in the middle of Lippo Cikarang, Delta Mas and Jababeka.
2015 February LPKR placed 92.8 million SILO shares or 8% of total shares outstanding for total proceed of Rp 1.14 trillion
2015 March Lippo Cikarang launched Pasadena Suites which is the third tower in Orange County in Lippo Cikarang. Pasadena Suites units ranging from 41 to 128 square meter including 1 to 3 bedrooms with unique features in which a module choice as 1 unit of bedroom can be combined with choice of 2 modules into 2 bedrooms and the next module with 3 bedrooms. Total 419 units were sold out 100% during the launched date.
2015 May LPKR successfully launched Monaco Bay, the first integrated development in the CBD of Manado. Its bulit on 2.2 ha land, the 40th floor tower which consisted of 1, 2 and 3 bedroom apartment was presold during the grand preview.
2015 June Lippo Homes, launched its latest prestigious project "Holland Village"; a premier Mixed-Use Smart City Integrated Development worth Rp1.3 trillion in Manado, North Sulawesi. This residential and commercial area concept is located in the prime new CBD area in Manado. Holland Village Manado will be developed on 11.6 hectares area and according to the plan, there will be approximately 500 residential units in it.
2015 June Sold 100% the 4th tower in Orange County, Burbank to a single Japanese investor
2015 December Launched the 5th tower in Orange County, Glendale Park, a joint cooperation building development with Mitsubishi Corp, Japan, 97% sold during the launched date
2016 November Launched the 6th tower in Orange County, Newport Park, the 2nd tower that jointly developed with Mitsubishi Corp, Japan, 87% presold during the launched date
2018 September Lippo Karawaci sold 17.6% units of First REIT to OUE.
2019 March Lippo Karawaci announced a comprehensive strategic transformation plan to recapitalize the Company, revamp its leadership team and re-focus its business on its three core competencies. As part of the transformation plan, the Company has secured a USD1,010 million funding.
2019 April Lippo Karawaci has completed the sale of its interests in two healthcare joint ventures in Myanmar to two indirect wholly owned subsidiaries of OUE Lippo Healthcare Limited (“OUELH”). for USD19.5 million.
2019 May Lippo Karawaci welcomed the commitment of private equity firm Gateway Partners LLC to participate in its rights issue.
2020 July Lippo Karawaci successfully launched a new landed housing project Cendana Homes in Lippo Village, the first in four years, where all units were sold in under six hours during the initial launching.
2021 January Lippo Karawaci completed the divestment of Lippo Mall Puri to LMIRT for Rp3.5 trillion.
2021 March In Largest Launch yet, Lippo Karawaci sold over 700 Landed Homes in Lippo Village (Cendana Icon).
2021 June The Company launched Cendana Parc – Phase I and sold over 400 Landed Homes in Lippo Village
2021 June Lippo Karawaci hosted its first electronic General Meeting of Shareholders
2021 September Lippo Karawaci launched Cendana Parc - Phase II and sold over 700 Landed Homes in Lippo Village.
2021 October Lippo Karawaci launched its first commercial cluster at Karawaci Hive@Parc and Hive@HImalaya. A total of 81 units were sold out within 3 hours.
2021 October Lippo Karawaci launched Cendana Cove - Phase I and sold over 200 Landed Homes in Lippo Village.
2021 December Sale of unit in LMIRT by Bridgewater International Limited.