KK is the chief number cruncher at Risk N Returns where he talks to himself about Investing and Personal Finance. He likes a good investment idea as much as a great cup of bubble tea.
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Singaporeans love REITs.
SGX and REIT Sponsors knows it too. As such, it comes as no surprise that the 4th SGX Mainboard IPO of the year is yet another REIT – Lendlease Global Commercial REIT (Lendlease REIT).
I’ve been reading the many rave reviews the IPO has been getting in the blogosphere and was a little surprised, considering the relatively low yield and premium valuation.
Not wanting to believe everything I read, I took a closer look at the prospectus and here is my own take on the IPO.
Here is a brief overview of the offering details: