As of 16 September 2019, Lendlease Global Commercial REIT (Lendlease Global REIT) had filed in its IPO Prospectus to the Monetary Authority of Singapore.
Lendlease IPO price is set at S$0.88 and investors can apply for the IPO at 25 September 2019 to 30 September 2019.
You may read its IPO Document (500+ pages in total) via this link – Lendlease Global REIT IPO Prospectus.
Alternatively, you can check out our summary of 9 things you need to know about Lendlease Global REIT before investing in it as follows:
#1: Initial Property Portfolio
It consists of two major properties:
(i) 313@Somerset and
(ii) the Sky Complex
The breakdown is as follows:
#2: Property 1 – 313@Somerset
It is a leasehold eight-storey retail mall which has direct access to the Somerset MRT station measuring 429,870 sq. ft. in net lettable area (NLA).
The land lease balance is approximately 86.3