Financial Digest

Lendlease Group seeks to list Reit on SGX to raise S$1.03b

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

SYDNEY-headquartered Lendlease Group has lodged a prospectus to list a new Reit (real estate investment trust) on the Singapore Exchange (SGX) mainboard. Read more at The Business Times.

The Reit will initially consist of retail mall 313@somerset in Singapore and an office complex in Milan, Italy.SYDNEY-headquartered Lendlease Group has lodged a prospectus to list a new Reit on the Singapore Exchange mainboard.

The public offer opens on Sept 25 at 9pm and closes on Sept 30 at 12pm, with listing slated on Oct 2. The minimum initial subscription for applications is 1,000 units. Placement tranche units are offered through an international placement including Singapore and excluding the US. They will subscribe for a total of 453.8 million units at the offer price, for a total of about S$399.3 million.

It has a portfolio of 21 urbanisation projects across 10 cities including Singapore, Sydney, Melbourne, Kuala Lumpur and Milan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia's Lendlease Global seeks to list Reit on SGX to raise S$1.03bSYDNEY-HEADQUARTERED Lendlease Global has lodged a prospectus to list a new Reit (real estate investment trust), Lendlease Global Commercial Reit, on the Singapore Exchange's (SGX) main board. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »