Lendlease reportedly gunning for US$500 mil with intended retail REIT listing on SGX

By Michelle Zhu / The Edge Singapore | March 20, 2019 12:42 PM SGT
SINGAPORE (Mar 19): Australia-listed developer Lendlease Group is planning to list a real estate investment trust (REIT) of its retail assets on the Singapore Exchange, according to sources of Thomson Reuters’ IFR Asia.
Citing people with knowledge of the transaction, the online article published today said the group is planning to raise up to US$500 million, or $675.3 million, from the listing.
The group itself, however, has yet to make any announcements on the ASX nor via its website as at the time of writing.
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