(Mar 25): Recently, Thomson Reuters IFR Asia reported that Australian Securities Exchange-listed Lendlease is planning to list a real estate investment trust (REIT) of its retail assets on the Singapore Exchange. The IPO is likely to raise around US$500 million ($675.2 million), the wire service says. Lendlease manages funds that own 313 @ Somerset, Jem, Parkway Parade and Paya Lebar Quarter. Elsewhere, IFR reported that ARA Asset Management could be planning to list a REIT of its hospitality assets in the US. Last December, ARA acquired 38 hotels in the US.

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