Lippo Malls Puri is currently owned by a subsidiary of Lippo Malls Indonesia Retail Trust's sponsor. (Photo: Lippo Malls Indonesia Retail Trust)

Lippo Malls Indonesia Retail Trust (LMIRT)’s liquidity has improved recently following a recapitalisation exercise, but uncertainty still surrounds the REIT’s business operations amid a continued proliferation of COVID-19 across the country.

LMIRT is an Indonesia-focused retail REIT with a portfolio of 30 retail properties across the archipelago, most of which are on Java island.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.