Lippo Malls Indonesia Retail Trust property, Palembang Icon. (Photo: Lippo Malls Indonesia Retail Trust)

The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has sold 157,296,347 units of the REIT to Bridgewater International Limited.

The units were sold at a price of SGD0.21 each.

Bridgewater International Limited is an indirect wholly owned subsidiary of PT Lippo Karawaci Tbk, the sponsor of the REIT.

To read the full article, please login or subscribe.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.