Lendlease Global Commercial REIT launches IPO at SGD0.88

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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.

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