Malls, especially suburban retail ones, have been reminiscent of crowd levels to that seen pre-pandemic. Attributable to efforts of the Singapore government opening up further, we will soon see an eventual return to pre-pandemic normalcy. Lendlease Global Commercial REIT (SGX: JYEU), is a Singapore REIT that invests in real estate assets used primarily for retail and/or office purposes. In its fiscal 2022’s third quarter (3Q22) business update, Lendlease Global Commercial REIT (Lendlease REIT) highlighted the suburban retail mix boost from Jem’s remaining acquisition. Below are the three takeaways from Lendlease REIT’s 3Q22 business update: 1 . Full ownership of Jem delivers many benefits On 22 April 2022, Lendlease REIT completed the acquisition of the remaining 68.2% stake in Jem. As a result, the exposure of Lendlease REIT’s resilient and defensive suburban retail increased from 16.3% to 46.8%.