Lendlease Reit builds demand for $538m Singapore listing

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By Jonathan Breen
17 Sep 2019

Lendlease Global Commercial Real Estate Investment Trust has hit the road for its Singapore IPO as it seeks up to S$740.3m ($537.9m), according to a source close to the deal.

The trust, part of Australia’s Lendlease Group, is working alongside sponsors Citi and DBS. It is offering 841.3m units in the base float and has set aside a further 34.1m units for a greenshoe.

The sponsors launched bookbuilding in Singapore on Tuesday after two weeks on the road ...

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