Property & Portfolio Management
Urban Development

Property & Portfolio Management

As one of the most experienced and successful developers in Indonesia, Lippo Karawaci also has the expertise in developing and managing various property-related businesses. These unique strengths has made it possible for the Company to pursue new exciting business opportunities in property and portfolio management.

Lippo Karawaci is the leading player in the property development industry through its successful launch of the First Healthcare REIT (Real Estate Investment Trust) in Asia and becoming the sponsor for the LMIR Trust - first Indonesian mall and retail property trust listed in Singapore.

 

First ReitFIRST REIT


 

On 11 December 2006, Lippo Karawaci became the first company in South East Asia to list a Healthcare REIT in the Singapore Stock Exchange with Indonesian assets. Assets in the First REIT includes the Siloam Hospitals Lippo Village, Siloam Hospitals Kebon Jeruk, Siloam Hospitals Surabaya and The Aryaduta Hotel and Country Club Karawaci, and four Singapore based properties.

From the management of the First REIT and the LMIRT, Lippo Karawaci derives fee-based income. The Company believes that future growth in management of these types of assets will further enhance profitability.

www.first-reit.com

 

LMIR TrustLIPPO MAPLETREE INDONESIA RETAIL TRUST (LMIR TRUST)


 

In 2007, Lippo Karawaci successfully established the LMIR Trust Management Ltd. through a joint venture with Mapletree Investment Pte. Ltd., a leading real estate company in Singapore, to manage LMIR Trust. LMIR Trust, which is listed on the Singapore Stock Exchange on 19 November 2007, is the first REIT in Singapore to provide exposure to Indonesia’s growing retail sector with asset portfolio comprises of eight high quality retail malls and seven retail spaces located within other retail malls, which are all strategically located in Greater Jakarta, Bandung and Medan. LMIR Trust has right of first refusal on leased malls developed and built by Lippo Karawaci.

www.lmir-trust.com


Lippo Karawaci continues to strengthen its position as the largest mall operator in Indonesia, as well as the hotel operator. From the management of the REITs, retail and hotel properties, Lippo Karawaci derives fee-based income. The Company believes that future growth in management of these types of assets will further enhance profitability.