Newly listed Lendlease Global Commercial REIT has made a strong debut on the Singapore Exchange (SGX) after the public tranche of its initial public offering (IPO) was 14.5 times subscribed.

Units of the REIT opened for trading at SGD0.94 at 2 pm on 2 October, 6.8% higher than its IPO price.

Lendlease Global Commercial REIT is sponsored by Lendlease Corporation Limited.

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 Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.