LMIRT reopens 12 malls, resets perps because of challenges tapping bank debt and capital markets

The Edge Singapore
The Edge Singapore 8/18/2021 07:43 PM GMT+08  • 2 min read
LMIRT reopens 12 malls, resets perps because of challenges tapping bank debt and capital markets
LMIRT's manager, aware that it is unable to tap bank debt and capital markets, resets perps, and is likely to reopen 12 malls
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Lippo Mall Retail Trust’s manager announced that following the Indonesian government’s progressive easing of restrictions in Jakarta and other major cities in Java and Sulawesi due to the improving Covid-19 situation in these areas, 12 of the Trust’s 29 retail malls, are allowed to reopen subject to certain precautionary measures.

The measures include 50% mall capacity, proof of first dose vaccination, F&B dining-in capacity limits with maximum of two persons to a table alongside a 30-minute eating time limit, and age restrictions for those under 12 years old being prohibited from visiting the malls.

The LMRT malls set to reopen are Lippo Mall Puri, Lippo Mall Kemang, Pluit Village, Gajah Mada Plaza, Plaza Semanggi, Tamini Square, Cibubur Junction, Lippo Plaza Kramat Jati, Bandung Indah Plaza, Istana Plaza, Mal Lippo Cikarang and Lippo Plaza Kendari, and two retail spaces, namely WTC Matahari and Depok Town Square

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