Lendlease Global Commercial REIT (JYEU)

Overview

Lendlease Global Commercial REIT (LREIT), established on 2 October 2019, is a key player in the global real estate market with a strategic focus on investing in a diversified portfolio of stabilized income-producing real estate assets. These properties, located worldwide, are primarily used for retail and/or office purposes. Managed by Lendlease Global Commercial Trust Management Pte. Ltd., a subsidiary of Lendlease Corporation Limited, LREIT aims to provide its unitholders with regular and stable distributions, alongside long-term growth in distribution per unit and net asset value per unit. Additionally, it focuses on maintaining an appropriate capital structure to support its operations and growth. With a portfolio that includes properties in Singapore and Milan, LREIT boasts a total net lettable area of about 2.1 million square feet and an appraised value of S$3.65 billion as of 30 June 2023.

Products and Services

• Jem (Office and Retail Property)

A dual-purpose property located in Singapore that combines office and retail spaces under one roof. Jem serves as a prime example of LREIT’s diversified portfolio, offering tenants and visitors a blend of commercial and shopping experiences.

• 313@somerset (Prime Retail Property)

This property is a prominent retail space in the heart of Singapore. It caters to a high footfall of consumers looking for a variety of shopping options, underlining LREIT’s strategy to invest in high-value, high-return properties.

• Sky Complex (Grade A Office Buildings)

Located in Milan, Sky Complex consists of three Grade A office buildings. This freehold property expands LREIT's footprint into the European market, offering premium office spaces to businesses in Italy’s economic hub.

• Parkway Parade (Office and Retail Property)

Though LREIT has a stake in Parkway Parade, it adds to the portfolio’s strength by including another mixed-use property that caters to both retail and office spaces, situated in Singapore.

• Multifunctional Event Space Development

Adjacent to 313@somerset lies a site under development for a multifunctional event space. This initiative represents LREIT’s commitment towards enhancing its portfolio and offering more value-added services to its tenants and visitors, aligning with its long-term growth objectives.