It’s been almost three years since Lendlease Global Commercial REIT (LREIT) listed on the Singapore Exchange (SGX).

But the REIT, which has a mandate to invest in retail and office assets globally, has inducted just one asset into its portfolio over these years.

LREIT is sponsored by Lendlease, the Australian-headquartered property developer and investment company.

The REIT was listed on the SGX in October 2019 with a portfolio of two initial assets - a retail mall in Singapore’s Orchard Road shopping district known as 313@somerset, and an office property in Milan known as Sky Complex.