Lendlease Global Commercial REIT property, 313@Somerset. (Photo: Lendlease Global Commercial REIT)

Lendlease Global Commercial REIT (LREIT) has launched an equity fundraising exercise to generate at least SGD573.8 million in proceeds.

The exercise comprises a private placement of up to 448.3 million units to selected investors, and a non-renounceable preferential offering of 345.6 million units to all unitholders.

Related: Placements, preferential offerings, and rights issues

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By Shariffa Al-Habshee

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