Lendlease mulling retail Reit listing on SGX: report

Singapore

AUSTRALIA-listed developer Lendlease Group could be planning to raise up to US$500 million through a listing of a real estate investment trust (Reit) on the Singapore Exchange (SGX), according to reports citing Thomson Reuters' IFR Asia.

In response to a query from The Business Times, a spokesman for the company said on Wednesday: "Lendlease doesn't comment on market rumour or speculation. The company manages more than A$34 billion of funds globally across wholesale property and infrastructure funds and separate managed investment mandates. We regularly assess new capital initiatives across the regions in which we operate."