Lendlease builds interest for Singapore Reit IPO

Singapore adobe stock AS 230x150
By Rashmi Kumar
02 Sep 2019

Lendlease Global Commercial Real Estate Investment Trust, a Singapore Reit sponsored by its Australian parent Lendlease, started sounding out investors for its IPO on Monday.

Citi and DBS are running the Singapore-bound listing, according to a senior ECM syndicate banker close to the situation. Lendlease Reit is looking to raise around $500m-equivalent from the transaction.

The Reit will be on the road for about two weeks, testing investor appetite for the IPO. ...

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