PLQ Mall, an asset owned by Lendlease Global Commercial REIT. (Photo: Lendlease REIT)

Lendlease Global Commercial REIT has agreed to acquire the remaining 30% interest in PLQ Mall in Paya Lebar, bringing its total ownership of the suburban retail property to 100% and lifting its total asset value to SGD4.2 billion.

The transaction, announced on 25 February 2026, came after the REIT applied for a trading halt on the same day.

Related: Lendlease REIT sees highest institutional outflow in wake of latest results

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By Shariffa Al-Habshee

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