The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has inked conditional agreements to divest two properties, Pejaten Village and Binjai Supermall, for 1,280.7 billion rupiah (S$124.3 million).

The buyer is NWP Retail, a joint venture between Warburg Pincus and City Retail Developments, LMIRT announced in a Monday bourse filing after trading hours.