Shortly after I had written on my thoughts on whether to invest in Lendlease REIT last week, it surprised me with an announcement yesterday on their acquisition of part of Parkway Parade. I thought that Lendlease REIT would already be finding it hard to stomach Jem at the moment, with high interest rates weighing on its shoulders – but I guess I was proven wrong (for this tiny purchase).

History of Parkway Parade

Parkway Parade Shopping Centre is a property with a long history, considering that officially open in March 1984, but it has undergone various assent enhancements since then that has kept it up to date. At the time of completion, Parkway Parade was one of the first suburban shopping malls in Singapore. Parkway Parade is an mixed-use (retail and commercial office), strata-subdivided development with multiple ownership. 17-floor office tower7-storey shopping mall with a basement In 2000, Parkway...