Impacting lives through being the dominant developer of shopping malls across Indonesia by driving global competency with the best people to create superior investors and partners returns.
With a portfolio of 31 shopping malls strategically located in 12 major cities across the archipelago valued at US$ 1.5 billion, comprising more than 12,000 retailers occupying 2.2 million square meters of retail space, Lippo Malls is easily the largest mall owner and operator in Indonesia.
With an annual footfall of more than 200 million customers, our malls have been designed as a one-stop shopping, entertainment, dining and leisure destination. With anchor tenants such as leading Matahari Department Store, Hypermart, Timezone, Times Bookstore and Cinema XXI, as well as a range of international and national retail brands, Lippo Malls has everything discerning shoppers need and more. With both strata-titled and leased malls, family-oriented and upscale centers, each of our malls reflects a careful study of the retail market demand as well as initimate knowledge of the market in which our properties operate.
Lippo Malls is wholly owned, managed and controlled by PT Lippo Karawaci Tbk, Indonesia's largest listed property company by total assets, revenues, and net profit, anchored by a large land bank and solid recurring income base. With its experience in developing malls and divesting them into Singapore listed real estate investment trust (REIT) – Lippo Malls Indonesia Retail Trust (“LMIR Trust”), serve to facilitate the Company’s asset-light strategy by enabling the Company to recycle capital as they step up the turnover of mall assets, allowing the Company to execute on its growth strategy of developing additional 15 new regional malls.
PT Lippo Karawaci Tbk continues to wholly-own, manage, and control the business enterprise and operations of LPKR’s retail malls division which contributes to the overall Company’s revenue. Currently, LPKR manages eight LMIR Trust Malls in Greater Jakarta, Bandung, and Medan with a total of over 300,000 square meters in NLA.
PT Lippo Karawaci Tbk also manages LMIR Trust, with total assets under management of S$1.1 billion (US$855 million). LMIR Trust is listed on the Singapore Stock Exchange with a market capitalization of US$454 million.
PT Lippo Karawaci Tbk asset management business division consists of fund management and property management units.
PT Lippo Karawaci Tbk 's plans to increase funds under management to US$3 billion within 3 to 5 years and making the corresponding fee income a growing driver of LPKR's growth strategy. LPKR is Indonesia's largest listed property company by total assets, revenues, and net profit, anchored by a large land bank and solid recurring income base. LPKR's businesses comprise of Residential/Township, Retail Malls, Hospitals, Hotels and Asset Management. LPKR is listed on the Indonesian Stock Exchange with a market capitalization of Rp18.5 trillion or US$2 billion.