Business
Lendlease REIT to Acquire 70% of PLQ Mall to Expand its Suburban Retail Portfolio in Singapore
Key Highlights Following the acquisition, Singapore will represent 89% of the portfolio – reinforcing geographic focus while enhancing income stability and portfolio resilience.Prime location with excellent connectivity to support long-term income growth.Agreed property value of S$885.0 million represents approximately 2.1% discount on its latest valuation.Post acquisition, gearing will be 38.3% on a pro forma basis.Distribution per unit to increase by 2.5% on a pro forma basis. SINGAPORE, Nov.
About this update from Lendlease Global Commercial Reit
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