Lendlease Commercial REIT ("LREIT") just announced a proposed additional acquisition of stakes in Jurong East Mall (JEM)  for S$204.1Mil from 2 funds holdings shares in it. LREIT has also offered up to another S$178.2Mil to other 3rd party investors in the Lendlease Asian Retail Investment Fund 3 Limited for up to another 19.8% interest stake if they are keen to sell off their stakes. This will raise LREIT's overall stake in JEM from 3.75% (purchased in Oct''20) to 31.8%. In a way, LREIT seems to be struggling to obtain a 51% majority stake in JEM due to the different external unit-holders holding a single completed property.   Some key highlights to note: 1. Future M&A exercise going forward is expected to progress at a snail's pace similar to current situation since IPO One thing that I do not like about the way Lendlease group funded its developments in Singapore is...