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Jul 3, 2019 · SINGAPORE-listed Lendlease Global Commercial Reit (Lendlease Global Reit) posted a portfolio occupancy of 99.8 per cent for its first quarter ending Sep 30, 2021. In a business update on Friday (Nov 5), the manager of the Reit (real estate investment trust) said for Q1 FY2022 the weighted average lease expiry (WALE) is "long" at 8.5 years by net lettable area (NLA), and 4.4 years by gross ...
Jul 3, 2019 · UOB Kay Hian (UOBKH) and CGS-CIMB are positive on Lendlease Global Commercial Reit's (LReit) acquisition of the remaining interest in Jem mall it did not yet own. This comes after the real estate investment trust (Reit) proposed to acquire the remaining 68.2 per cent stake in the prime Jurong property for a value of S$2.08 billion on Feb 15.
Jul 3, 2019 · Lendlease Singapore is an indirect wholly-owned subsidiary of Lendlease Corporation, the sponsor of LREIT, making this an interested-person transaction. Under the PCMA, Lendlease Singapore will provide the following services: project and design management services, contracts management, construction management, environmental, health and safety management, cost management and reporting.
LendLease Group is an Australia-based integrated real estate business with an international investment platform. The Company's segments include Investments, Development, Construction, and Non core. Its Investments segment comprises international fund and asset management platforms and the Group’s real estate co-investment portfolio.
Jul 3, 2019 · Lendlease Global Reit’ s Q1 portfolio occupancy eases slightly to 99.7% The manager has plans to optimise the remaining untapped gross floor area to maximise the full potential of 313@somerset. Lendlease Global Reit’s portfolio occupancy for the quarter ended Sep 30 fell 0.1 percentage point to 99.7 per cent, down from 99.8 per cent last quarter, said the manager on Monday (Nov 7).
Jul 3, 2019 · Lendlease Global Commercial Reit H1 DPU up 2.1% to S$0.0245 TUE, FEB 07, 2023 - 06:49 PM THE manager of Lendlease Global Commercial Reit : JYEU 0% (Lendlease Reit) posted distribution per unit (DPU) of S$0.0245 for the first half FY2023 ended December 2022, up 2.1 per cent from S$0.024 in the corresponding period a year ago.
Jul 3, 2019 · Lendlease Global Commercial REIT has reported a distribution per unit of 2.25 cents for 2HFY2023 ended June, down 8.2% y-o-y from 2HFY2022's 2.45 cents, no thanks to higher borrowing costs. This brings the full-year DPU to 4.7 cents, down 3.2% over FY2022.
Jul 3, 2019 · Lendlease's retail projects in Singapore include Parkway Parade in the East, 313@somerset and retail and commercial development Jem mall in Jurong East. It is also developing mixed-use development Paya Lebar Quarter.
Jul 3, 2019 · Gearing ratio is indeed slightly high at 40%, but it is still within the MAS treshold. I think the concerns of refinancing is a bit overblown considering.
LendLease Group is an Australia-based integrated real estate business with an international investment platform. The Company's segments include Investments, Development, Construction, and Non core. Its Investments segment comprises international fund and asset management platforms and the Group’s real estate co-investment portfolio.
