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Landlease is planning to launch its Lendlease Global Commercial REIT with leasehold retail mall 313@somerset in Singapore and freehold office property Sky Complex, which is made up of three office buildings in Milan, Italy. The Reit's portfolio has an appraised value of about S$1.41 billion.
SOURCE: Lendlease Group seeks to list Reit on SGX to raise S$1.03b
Preliminary Prospectus: Download here
I'm not sure why the other Landlease Singapore malls - Parkway Parade and JEM were not included in the REIT. PLQ was just opened so it's understandable that it would not be included. Perhaps they want to emphasis the 'global' nature of the REIT and does not want to appear too Singapore-centric on launch.
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IPO fixed at $0.88 closed 30 Sep 12pm.
Commence trading on 'Ready' basis 02 Oct 2pm.
Final Prospectus: LINK HERE
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Placement trance 9.9x oversubscribed.
Public trance 14.5x oversubscribed.
Press Release
Balloting Announcement
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03-12-2020, 08:37 AM
Lendlease Global Commercial Trust Management Pte. Ltd., in its capacity as manager of Lendlease Global Commercial REIT (“LREIT”, and the manager of LREIT, the “Manager”), wishes to announce that units in LREIT (“Units”), traded in Singapore dollar under the stock code JYEU, have been included under the Central Provident Fund Board’s.
https://links.sgx.com/FileOpen/Inclusion...eID=641227
Stay home and stay healthy, everyone.
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04-12-2020, 08:53 AM
Lendlease Global Commercial Trust Management Pte. Ltd., as manager of Lendlease Global Commercial REIT (“LREIT”, and the manager, the “Manager”), refers to its press release on 13 June 2020 in relation to the award of the tender to LREIT to redevelop the car park at Grange Road (the “Site”) into a new multi-functional event space (the “Redevelopment”, and the redeveloped Site, the “Property”).
The Manager wishes to announce that in connection with the Redevelopment, a professional development services agreement (the “Professional Services Agreement”) between RBC Investor Services Trust Singapore Limited, in its capacity as trustee of LREIT (the “Trustee”) and Lendlease Retail Pte. Ltd. (“LLR”) has been entered into on 3 December 2020, pursuant to which LLR has been appointed as the development manager for the Site to provide professional development management services for the development of the events and commercial venue at the Site.
In addition, pursuant to the master property management agreement relating to the properties of LREIT entered into between the Manager, the Trustee and LLR on 13 September 2019 (the “Master PMA”), an individual property management agreement (the “Individual PMA”) has been entered into on 3 December 2020 between the Manager, the Trustee and LLR, pursuant to which LLR has been appointed as the property manager of the Property, subject to the overall management and supervision of the Manager and otherwise on the terms of the Master PMA.
https://links.sgx.com/FileOpen/Proposed%...eID=641393
Stay home and stay safe, everyone.
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24-07-2021, 09:13 AM
LREIT@86
QnA
https://links.sgx.com/FileOpen/Responses...eID=675502
![[Image: uc?id=1QedVu8ZzVO_ka5BpeboB3A6O1tW14w0S]](https://drive.google.com/uc?id=1QedVu8ZzVO_ka5BpeboB3A6O1tW14w0S)
Mmm... need to keep this in mind - for those who is vested in LREIT.
Stay home and stay safe, everyone.
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