This is another classic anti-existing unit-holders move by another REIT Management on SGX and extremely disappointing. I can still vividly recalled the IPO price of S$0.88 per unit by Lendlease Global Commercial REIT ("LREIT") on September 25, 2019. Unfortunately, its current market price as at November 4, 2025 is just S$0.635 per unit which is a faint shard of its former self at IPO. To add salt to injury, the Management of LREIT did not seek to raise funds first with existing unit-holders via a right issue but instead elected for a private placement. Totally no respect and appreciation to loyal current unit-holders especially those that have subscribed since IPO inception. Consequently, this lead to many loyal unit-holders, who continued to invest in LREIT, to become severely diluted by this acquisition.
1. Disappointing Private Placement By Management of LREIT
