Lendlease Global Reit remains focused on Singapore market; stays prudent on expansions

LENDLEASE Global Commercial Reit ’s (LReit) expansion focus has been largely on the Singapore market in recent years, although the Reit is still on the lookout for opportunities in overseas markets, the real estate investment trust’s (Reit) manager told The Business Times.

Since its initial public offering on the mainboard in October 2019, the Reit has acquired Jem – a mixed-use development in Jurong East – a 10 per cent stake in Parkway Parade shopping mall, and a multifunctional event space at Grange Road.

The other properties in its portfolio include 313 @ Somerset retail mall along Orchard Road, and three Grade A office buildings at Sky Complex in Milan, Italy.