Lendlease Global Commercial REIT (SGX:JYEU) (LReit) expects overall retail sector and leasing demand to remain subdued as tenant sales and visitation continue to be supported by domestic demand. Tenant sales in July to September recovered to 70% of pre-COVID-19 levels with S$42.6 m, up 3.5 times from the previous quarter of S$11.7 million. Visitations also improved to 60% of pre-COVID-19 levels with 6.2 million visits in July to September, up 2.8 times from the 2.2 million visitation recorded in the previous quarter. Leasing activities are expected to remain soft as retail tenants adopt a wait-and-see approach while recalibrating their cost structures. Tenant retention rate held steady at 80% for the quarter, with occupancy rate for 313@somerset at 95.6% as at 30 September 2020. Portfolio occupancy remains healthy at 99.0% with a long Weighted Average Lease Expiry (WALE) of 9.5 years. LReit’s Sky Complex In Milan remains fully leased to Sky Italia, with all rental payments made in a timely manner with no rental waiver granted....