- 5 Retail and Office Buildings
- 2 Gateway Cities
- Appraised Value: $3.6 billion
- 2.2 million square feet (NLA)
- 99.8% Committed Occupancy
- 8.7 years Weighted Average Years Expiry
Lendlease REIT, as of now, still does not have a very comprehensive portfolio. I will wait for LREIT to have a much bigger portfolio.
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 assets located globally, which are used primarily for retail and/or office purposes.
Its portfolio comprises leasehold interest in 2 properties in Singapore namely Jem (office and retail property) and 313@somerset (retail property) as well as freehold interest in three grade-A office buildings, Sky Complex, in Milan. Other investment includes development of a multifunctional event space on a site adjacent to 313@somerset.
1. Overview of Business
Key highlights of the Lendlease REIT portfolio:
