(Bloomberg) -- Lippo Group plans to sell shares in
real estate investment trusts that will buy as much as $5 billion
of its Asian assets, freeing up capital to invest in higher-
yielding projects including Singapore residential developments.
The Jakarta-based company, which set up its first property
fund in Singapore last year, plans to sell shares of trusts
backed by shopping malls and office buildings, Chief Executive
Officer James Riady said in an interview yesterday.
Read more at Bloomberg Emerging Markets News
real estate investment trusts that will buy as much as $5 billion
of its Asian assets, freeing up capital to invest in higher-
yielding projects including Singapore residential developments.
The Jakarta-based company, which set up its first property
fund in Singapore last year, plans to sell shares of trusts
backed by shopping malls and office buildings, Chief Executive
Officer James Riady said in an interview yesterday.
Read more at Bloomberg Emerging Markets News
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