lendlease global reit

The vendor of the stake is understood to be the Abu Dhabi Investment Authority.

Lendlease Reit acquires 70% of PLQ Mall

Deal will be financed by proposed private placement of units priced at S$0.597 to S$0.616 each

The divestment of the Jem office component is expected to be completed by Nov 12. About S$8.9 million in gains from this disposal will be available for distribution to unitholders.

Lendlease Global Reit improves its committed portfolio occupancy to 95% for Q1 FY 2026

The Reit manager credits the rise from 92.1% in the preceding quarter to ‘active leasing efforts’ for a property in Milan

Lendlease's Singapore malls, such as 313@somerset, could play a leading role for the Reit.
HOCK LOCK SIEW

The stars are aligning for Lendlease Reit to transform into a pure-play retail landlord

The potential sale of the trust’s Sky Complex office property and acquisition of PLQ Mall should excite unitholders

Lendlease Global Commercial Reit's retail assets, which include the 313@somerset mall, has 99.5% committed occupancy.

Lendlease Global Commercial Reit posts 1.8% higher DPU of S$0.018 for H2 FY2025

This is due to improved performance of its Singapore properties and lower finance costs, says manager

Cathay Cineplexes shuttered its outlet (above) in Jem shopping mall in Jurong East on Mar 27. Closure looms for the 85-year-old cinema chain as it struggles to pay up millions in arrears to landlords.

A timeline of Cathay Cineplexes as struggling cinema chain faces closure

Originally known as Cathay Cinema, the company is one of Singapore’s oldest cinema chains, and its origins predate WWII

The Reit's retail portfolio includes 313@somerset. LReit successfully refinanced S$200 million of 5.25% perpetual securities during the quarter.

Lendlease Global Commercial Reit posts 10.4% retail rental reversion for Q3 FY2025

Its retail portfolio posts an occupancy rate of 99.5% for the quarter

Cathay notes that the cinema business has seen significant challenges and unprecedented difficulties during Covid-19 period and the post-pandemic period.

Lendlease shuts down Cathay Cineplexes at Jem over S$4.3 million rent arrears

[SINGAPORE] Struggling cinema chain Cathay Cineplexes will wind down business operations at its Jem outlet in Jurong East on Thursday (Mar 27). 

The Reit's retail portfolio includes 313@somerset.

Lendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO

He replaces Kelvin Chow, who is leaving to pursue other opportunities

LREIT attributed its lower H2 revenue to the absence of supplementary rent from Sky Complex in Milan, Italy (above).

Lendlease Global Commercial Reit reports 14.3% lower H1 DPU of S$0.018

Revenue falls 13.6% to S$103.6 million for the half-year period