We have a few potential REIT listings from the USA. And perhaps one coming from Australia.
Lendlease is a integrated construction, engineering and property company listed on the Australia stock exchange (ASX).
They have a local presence here in their partial ownership of Jem, 313 Somerset, Parkway Parade and their construction of Paya Lebar Quarter.
This REIT listing could be worth A$1 billion in assets.
They are tapping Citigroup and DBS to handle the listing for the REIT.
The preliminary assets will involve:
some of their Australian shopping centers a major Singapore mall (suspect it would be 313 Somerset a Milan office buildingIt is likely the shopping centers will be picked out of the Lendlease sub-Regional Retail Fund. This is a open ended unlisted whole sale proeprty fund that invest in subregional shopping centres and owns 5 in NSW and Western Australia. Lendlease interest is 10% in this fund but
...
