Lendlease Global Commercial REIT (SGX: JYEU)
Singapore flag Singapore · Delayed Price · Currency is SGD
0.555
0.00 (0.00%)
Nov 20, 2024, 5:08 PM SGT

JYEU Company Description

Listed on 2 October 2019, Lendlease Global Commercial REIT (“LREIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally.

These are used primarily for retail and/or office purposes. Its portfolio comprises leasehold properties in Singapore namely Jem (an office and retail property) and 313@somerset (a prime retail property) as well as freehold interest in Sky Complex (three Grade A office buildings) in Milan.

These five properties have a total net lettable area of approximately 2.1 million square feet, with an appraised value of S$3.65 billion as at 30 June 2023.

Other investments include a stake in Parkway Parade (an office and retail property) and development of a multifunctional event space on a site adjacent to 313@somerset.

LREIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of Lendlease Corporation Limited.

Its key objectives are to provide unitholders with regular and stable distributions, achieve long-term growth in distribution per unit and net asset value per unit, and maintain an appropriate capital structure.

Lendlease Global Commercial REIT
Country Singapore
Founded 2019
Industry REIT - Diversified
Sector Real Estate
Employees 69
CEO Chung Yip Chow

Contact Details

Address:
2 Tanjong Katong Road, #05-01
Singapore, 437161
Singapore
Phone 65 6671 7374
Website Visit Website

Stock Details

Ticker Symbol JYEU
Exchange Singapore Exchange
Fiscal Year July - June
Reporting Currency SGD
ISIN Number SGXC61949712
SIC Code 6798

Key Executives

Name Position
Chung Yip Chow Chief Executive Officer
Lay Ting Teo Chief Financial Officer
Bee Lin Ling Head of Investor Relations