SINGAPORE (Oct 1): Lendlease Global Commercial REIT has completed its initial public offering of 387.5 million units at 88 cents each, with the public tranche of 22.7 million units 14.5 times subscribed – the highest subscription rate for a Singapore REIT in five years.

Lendlease had received 13,640 valid applications under the public tranche, amounting to some 330.4 million units.

Units in Lendlease Global REIT are expected to commence trading on the Mainboard of the Singapore Exchange (SGX) at 2pm on Oct 2.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook