Analysts from CGS-CIMB Research and UOB Kay Hian have kept “add” and “buy” on Lendlease Global Commercial REIT (LREIT) after it lifted its stake in Jem to 31.8% on June 7.

See: Lendlease Global Commercial REIT to increase stake in Jem for a total of up to $347 mil

The REIT increased its effective stake through two transactions, namely, a 53.0% interest in Lendlease Jem Partners Fund from third-party vendors for $159.1 million, as well as the acquisition of a 5.0% interest in Lendlease Asian Retail Investment Fund 3 from Lendlease International for $45 million.

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