SINGAPORE (June 16): DBS Group Research is reiterating its “buy” recommendation on Lendlease Global Commercial REIT (LREIT) with a target price of 85 cents.

This comes on the back of the REIT winning the tender to redevelop the 48,200 sq ft carpark at Grange Road into a new multi-functional event space, as part of the 2019 URA Master Plan to rejuvenate the Orchard and Somerset precinct.

See: Lendlease Global Commercial REIT wins Grange Road event space

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