Singapore · Delayed Price · Currency is SGD Lendlease Global Commercial REIT 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, which 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 commercial buildings) in Milan.
These five properties have a total net lettable area of approximately 2.0 million square feet, with an appraised value of S$3.68 billion as at 30 June 2024.
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.
| Country | Singapore |
| Founded | 2019 |
| Industry | REIT - Diversified |
| Sector | Real Estate |
| Employees | 69 |
| CEO | Guy Cawthra |
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 |
|---|---|
| Guy Cawthra | Chief Executive Officer |
| Lay Ting Teo | Chief Financial Officer |
| Bee Lin Ling | Head of Investor Relations |