It is almost close to a year after I posted my review for Lendlease Reit. I was really excited about this IPO that I was so eager to write a review as soon as the prospectus was released.
READ MORE: Lendlease Global Commercial REIT IPO – The next Mapletree Commercial Trust?
I also read other bloggers’ reviews and decided to subscribe for this IPO. Unfortunately, the IPO subscription was so hot that it was 14.5x subscribed, highest in 5 years. I wasn’t allotted any units and was disappointed.
I have been holding LREIT for 6 months since January and I am deeply disappointed having it crashed more than 50% at one point in time. This position has since been classified as my non-core portfolio.
Today, I will analyse whether LREIT at this valuation is attractive to hold for the longer term.
