Lendlease Global Commercial REIT (LREIT) has given further elaborations on how its financial metrics will be impacted by acquiring the remaining stake in Jem.
The REIT, which is one the lowest geared among Singapore REITs today, has also responded to further questions from REITsWeek regarding the fall in its net asset value (NAV) per unit.
LREIT announced in February 2022 that it would acquire the remaining stake in Jem, a mixed retail and office asset in western Singapore, at an agreed property value of SGD2,079 million.
Related: Lendlease Global Commercial REIT to acquire remaining stake in Jem
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