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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.

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