Lendlease Global Commercial REIT

Biggest Singapore REIT IPO gain in 6 years shows yield thirst

(Oct 3): Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian investors.

The real estate investment trust, part of Australia’s Lendlease Group, started trading on the Singapore bourse Wednesday, surging 6.3% at the open from its offer price. This is the biggest jump among the city-state’s REITs in the past six years, since SPH REIT opened at 8.8% above its offer price in 2013.

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 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.

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Public offer of $1 bil Lendlease Global Commercial REIT starts at 9pm tonight

SINGAPORE (Sept 25): Lendlease Group, the Australian-listed developer, has launched the IPO of its global commercial REIT on the Mainboard of the Singapore Exchange.

The REIT manager, Lendlease Global Commercial Trust Management, is selling 387.5 million Lendlease Global Commercial REIT units at an offer price of $0.88 each. This consists of an international placement of 364.7 million units and 22.7 million units for the Singapore public.

Yield-accretive data centres and offices spur DPU, NAV and AUM growth

SINGAPORE (Sept 23): Since the start of September, four real estate investment trusts and one business trust have announced equity raisings. So far this year, S-REITs have raised more than $3 billion in equity fundraisings, excluding REIT IPOs (see Table 1).

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Singapore property trust IPOs surge to 6-year high

SINGAPORE (Sept 18): Singapore real estate investment trusts are on a money-raising spree.

Lendlease Global Commercial REIT began taking investor orders on Tuesday for an initial public offering that could raise as much as $740.3 million in what would be Singapore’s third-largest IPO this year.

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

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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