Jem, a property of Lendlease Global Commercial REIT. (Photo: Google Maps)

Lendlease Global Commercial REIT (LREIT) has laid out plans to increase its stake in the integrated retail and office development known as Jem.

The REIT first acquired a stake in the asset in October 2020 for SGD45 million.

Related: Lendlease Global Commercial REIT acquires stake in Jem for SGD45 million

The property's office component is 100% leased to a Singapore government ministry with a WALE of 24 years.

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By Shariffa Al-Habshee

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