Despite 'global' in its name, LReit more focused on Singapore expansion for now
Reit's portfolio expansion 'would technically follow the parent's footprints'; overseas acquisitions likely to be in Europe and Australia.
Singapore
LENDLEASE Global Commercial Reit (LReit) has been looking to pick up its pace of growth amid Covid-19, with Australia and Europe key markets of interest, the real estate investment trust (Reit)'s manager told The Business Times.
Nevertheless, Singapore is set to make up the bulk of its portfolio expansion for now, whether through acquisitions from third parties or sponsor Lendlease Corp, said Kelvin Chow, LReit's chief executive officer.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
