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New REIT on the block Lendlease Global REIT started at 'outperform' as top S-REIT pick: Daiwa

SINGAPORE (Oct 15): Daiwa Capital Markets is initiating coverage on Lendlease Global Commercial REIT with an “outperform” rating and a target price of $1.01.

According to analyst David Lum, the REIT’s 12-month forward distribution per unit (DPU) yield of 5.6% is higher than the sector average of 5.1% among Singapore REITs – making it an attractive and viable investment option.

Lendlease eyes Singapore REIT listing at 88 cents a unit; aims to raise $1 bil in total

SINGAPORE (Sept 16): Australia-listed international property and infrastructure group Lendlease Global has lodged a prospectus to list Lendlease Global Commercial REIT on the Mainboard of the Singapore Exchange.

The manager aims to raise a total of approximately $1 billion in gross proceeds from the IPO as well as a separate offering to cornerstone investors and a separate subscription by Lendlease SREIT, the trustee of an indirectly wholly-owned sub-trust of Lendlease Trust.

Lendlease a step closer to listing of mall REIT on SGX: reports

SINGAPORE (May 23): Australia’s Lendlease could potentially be the next REIT to list in Singapore, following the footsteps of two recent US REITs.

According to The Australian, Lendlease has appointed investment banks Citigroup and DBS to handle the listing.

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