Lendlease Global REIT upsizes perps issue to $200 mil

The Edge Singapore
The Edge Singapore4/4/2022 10:13 PM GMT+08  • 1 min read
Lendlease Global REIT upsizes perps issue to $200 mil
On Feb 14, LREIT announced plans to acquire its remaining interest in Jem for $2.08 bil / The Edge Singapore
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Following stronger than expected demand, Lendlease Global Commercial REIT has raised its perpetual securities offering to $200 million from the initial $150 million.

The issue, which has been priced at 5.25% a year, was 5.3 times subscribed.

“Following the demand that was seen in the recently concluded private placement, we are immensely pleased with the outcome of the perpetual securities issuance,” says Kelvin Chow, CEO of LREIT’s manager.

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