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.

Annabeth Leow

Published Mon, Dec 27, 2021 · 05:50 AM

Topline

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.