Lendlease struts from Milan to Orchard with new REIT on the block

Amala Balakrishner & Thiveyen Kathirrasan
Amala Balakrishner & Thiveyen Kathirrasan9/27/2019 06:30 AM GMT+08  • 11 min read
Lendlease struts from Milan to Orchard with new REIT on the block
SINGAPORE (Sept 30): At an IPO roadshow on Sept 18 for DBS private bank’s clients, investors were impressed by Ng Hsueh Ling’s presentation of the Singapore Exchange’s latest — and probably most successful — IPO, Lendlease Global Commercial Real
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 30): At an IPO roadshow on Sept 18 for DBS private bank’s clients, investors were impressed by Ng Hsueh Ling’s presentation of the Singapore Exchange’s latest — and probably most successful — IPO, Lendlease Global Commercial Real Estate Investment Trust (Lendlease REIT). Ng, former CEO of Keppel REIT’s manager, is now a director of Lendlease REIT’s manager, while Kelvin Chow, former chief financial officer of Keppel REIT’s manager, is CEO of Lendlease REIT’s manager.

The interest in Lendlease REIT’s placement tranche implies that it will be the hottest IPO this year, following the tepid reception of the three REITs with US assets in May and June. The absence of well-known high-net-worth names that anchored the US REITs among Lendlease REIT’s cornerstone investors is definitely a positive factor, investors say.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now