by: Tam Ging Wien

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This week, Australian-listed developer Lendlease Group and sponsor has launched its IPO of Lendlease Global Commercial REIT (LGC-REIT) on the Mainboard of the Singapore Exchange. The REIT will be internally managed by Lendlease Global Commercial Trust Management with RBC Investor Services Trust Singapore Ltd as the trustee.

The REIT is offering 387.5mil units at an offer price of $0.88 each. The offer consists of:

an international placement tranche of