Lendlease Global Commercial REIT has has launched its initial public offering (IPO) at SGD0.88 per unit.

The IPO seeks to raise some SGD1.02 billion from the offering via a public offering of 22,727,000 units, and a private tranche of 387,474,987 units.

This offering of 387,474,987 units is subject to an over-allotment option.

Lendlease Global Commercial REIT’s initial portfolio will comprise a leasehold interest in one retail property located in Singapore, and a freehold office property located in Milan, Italy.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Unlimited access to our seminars and classes
Site visit activities

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.