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

Indonesian retail REIT Lippo Malls Indonesia Retail Trust (LMIRT) announced on 3 November that its sponsor, PT Lippo Karawaci Tbk, has strengthened its commitment to the REIT’s proposed rights issue.

This commitment was emphasised through a new irrevocable undertaking provided on the same day.

The move follows feedback from unitholders after LMIRT earlier rights issue announcement on 29 July 2025 and the subsequent corrigendum on 31 July 2025.

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By Shariffa Al-Habshee

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