In March, Straits Times reported that Lendlease was planning to raise up to US$500m with retail Reit listing on SGX. Few months later, Business Times reported that Lendlease was preparing for S-Reit listing that will include Orchard Mall and a property in Milan, Italy with an appraised value of S$1.4 billion. The long awaited Lendlease Global Commercial REIT IPO has finally arrived in Singapore with its initial prospectus lodged recently. You can refer to this website for their prospectus.

Introduction

Lendlease Global Commercial REIT is a REIT that will be listed in Singapore on 2nd October 2019. The REIT will focus on investing in stabilised income-producing real estate assets used primarily for retail and/or office purposes with key objectives to provide Unitholders with regular and stable distributions, to achieve long-term growth in DPU and net asset value (“NAV”) per Unit, and maintaining an appropriate capital structure.

The sponsor of Lendlease Global Commercial REIT