Lippo Investment Trust to Acquire Lippo Mall Kuta in Bali

Dec 8, 2016Updated May 15, 20251 min read

Opened in 2013, Lippo Mall Kuta is a three-floor mall that offers 21,132 square meters to international and local tenants, such as Nike, Bata, Quicksilver, Planet Sports, Amazing Kuta, Matahari Department Store and Cinemaxx.

Lippo Karawaci president director Ketut Budi Wijaya said the acquisition is part of “light assets program,” by which the property developer expects to increase its revenue and reduce operating cost.

LMIRT has been listed on Singapore Stock Exchange since 2007. Its diversified portfolio of income-producing real estate in Indonesia includes 19 retail malls and seven retail spaces.

The company had $760 million in market capitalization as of November.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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