Lendlease Global Commercial REIT (LREIT) is a Singapore real estate investment trust established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets1 located globally, which are used primarily for retail and/or office purposes.
Its portfolio comprises a leasehold interest in, 313@somerset, a prime retail property located in Singapore and a freehold interest in Sky Complex, which comprises three grade-A office buildings located in Milan.
LREIT recently acquired a stake in Jem, an integrated office and retail development in Singapore, through a 5 per cent interest in Lendlease Asian Retail Investment Fund 3.
#1 Strong Sponsor Backing (Lendlease Group)
sourced from Lendlease 2020 Annual Report
Lendlease REIT is backed by a strong sponsor – Lendlease group. Lendlease is a huge property group headquartered in Australia and has operations across Americas, Asia, Australia and Europe.