The manager of Lippo Malls Indonesia Retail Trust (LMIRT) says that its malls in Jakarta will remain operational with an unchanged visitor capacity limit of 50% from September 14 to 27, when large-scale social restrictions will take place.

The news comes following the re-imposing of large-scale social restrictions in the Indonesian capital by the DKI Jakarta Governor Anies Baswedan.

The restrictions may be further extended.

During the restrictions, entertainment centres such as cinemas and fitness centres will remain closed, while dining in at restaurants and cafes are not permitted.

LMIRT has a total of seven retail malls in the city, namely Cibubur Junction, Gajah Mada Plaza, Lippo Mall Kemang, Lippo Plaza Kramat Jati, Plaza Semanggi, Pluit Village, and Tamini Square.

LMIRT’s 14 malls located outside Jakarta are not subject to the restrictions.

Lippo Mall Puri in West Jakarta will also remain open.

On August 31, LMIRT announced its intention to acquire the strata title units of Lippo Mall Puri at a revised purchase consideration of 3.5 trillion rupiah ($330.2 million).

See: Lippo Malls Indonesia Retail Trust to acquire flagship asset for $330.2 mil

As at 11.42am, units in LMIRT were trading flat at 11.3 cents.


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