Invest
Lendlease Commercial Global REIT Debut With One Possible Bad Debt From Tenant Forever 21
By Investment Income for Life  •  October 1, 2019
Not sure whether it is an inauspicious start for Lendlease REIT IPO but one of its top 10 tenants, Forever 21's US Headoffice just filed for Chapter 11 bankruptcy protection in US. Luckily it made up only 1.6% of gross rental income but nevertheless, this is still a possible doubtful debt case for 313@Somerset. Hopefully, the rental deposit will be enough to offset any potential default. Top 10 Tenants For Lendlease Commercial Global REIT IPO results are informally out although CDP account has not reflected it, one can check their bank account for the refund of application money to know whether they have been allotted any units. I applied for 5,000 units and only received 2,000 units. My other half applied for 25,000 units and got a weird 4,100 units allotment. Perhaps the issuance manager decided to allocate units to all retail subscribers but gave out a smaller...
Read the full article
By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

1 Comments

One response to “Lendlease Commercial Global REIT Debut With One Possible Bad Debt From Tenant Forever 21”

  1. Anonymous says:

    3.5

Leave a Reply

Your email address will not be published.

Read More Articles
More from thefinance
%d bloggers like this: