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Report: LendLease meets investors for planned A$1B Singapore REIT

LendLease Group commenced meetings with investors for the impending launch of the Lendlease Global Commercial REIT that will be listed on the Singapore stock exchange, The Australian reported.

The Australia-listed property group was reported in April of aiming to raise up to US$500 million from an IPO of the real estate investment trust in the city-state. The planned REIT is expected to be seeded with a global portfolio of assets worth more than A$1 billion, which includes shopping centers across Australia, a Singapore mall and an office building in Milan, according to the publication.

Lendlease Global is tipped to attract investors who are interested in the property company's office towers and shopping centers, as well as its involvement in various massive urban redevelopment projects in cities such as London, Milan, Kuala Lumpur, Singapore, Sydney and Melbourne, the May 20 report added.