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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

Jude Chan
Published Thu, Oct 2, 2025 · 06:52 PM
    • Lendlease's Singapore malls, such as 313@somerset, could play a leading role for the Reit.
    • Lendlease's Singapore malls, such as 313@somerset, could play a leading role for the Reit. PHOTO: BT FILE

    [SINGAPORE] Lendlease Global Commercial Reit (LReit) could be on the cusp of a transformation.

    The manager of LReit on Tuesday (Sep 30) disclosed that it has signed a new tenant – an American technology company – at Building 3 of its Sky Complex property in Milan, Italy.

    This brings committed occupancy at the seven-storey Grade A office building to 49 per cent, up from 31 per cent in February.

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