No transactions were made in Sep 2019. I applied for 50,000 units of Lendlease Global Commercial Reit’s (Lendlease Reit) IPO. If I am lucky, I could get 12,000 units (or less) depending on the ballot result and how oversubscribed it is. If I am unlucky, I will get 0 units and incur the application fee of $2. Whatever the case, the refund amount will be in time for Keppel DC’s preferential offering. What great timing.
(ps: I just found out that I got 5,200 units! Lucky me. ) Many people have written comprehensive reviews on Lendlease Reit IPO so I shall not go into those. While Lendlease Reit IPO is not fantastic, my other main reasons for buying are because (i) marjority of its business is in Singapore and (ii) its the yield and P/NAV is slightly better than those tier 1 Reits (i.e. lower P/NAV and higher yield).

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