Added Lendlease Reit to the Strategic Section of the Investment Portfolio. The 2nd after CapitaR China Trust after a full divestment in December 2019.
Lendlease Reit was listed in SGX on October 2019 so in term of history, nothing much to talk about. It only has currently 2 assets, 313@Somerset in Singapore and Sky Complex in Milan. In term of financial history also nothing much to talk about. This is the reason why it was placed into the Strategic Section. Another reason is in the Non-Strategic Section, I already have 2 of the biggest retail reit in Singapore -- CapitaMall Trust and Frasers Cpt Trust, so adding a 3rd (well it might not consider a full retail reit) doesn't do much to diversification.
I would put it as due to "opportunity" reason for the decision to make it into my Investment Portfolio. The Strategic Section of the Investment is aim at either a total $0...