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First REIT Renews Lease for Imperial Aryaduta Hotel

Singapore Business Review ·  Jan 6 13:09

The annual rent was set at 22 billion Rupiah.

First REIT's indirect wholly owned subsidiary, PT Karya Sentra Sejahtera (PT KSS), has renewed the lease of Imperial Aryaduta Hotel & Country Club.

The renewed lease commenced on 1 January and will end on 31 December.

Under the new agreement, PT Lippo Karawaci Tbk, the lessee, will pay an annual rent of 22,097,946,309 Indonesian Rupiah, paid quarterly in advance.

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