Overview of Lendlease Global Commercial REIT

Lendlease Global Commercial REIT (“Lendlease Global REIT”) is a Singapore real estate investment trust (“REIT”) established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally that are used primarily for retail and/or office purposes as well as real estate-related assets in connection with the foregoing. The Manager is Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of the Sponsor

Lendlease Global Commercial REIT IPO Listing in Singapore

• Type = Commercial + Retail Malls
• Sponsor = Lendlease Corporation Limited. (Sponsor will subscribe about 27.2% of the total units.)
• Total Units Offered = 387,474,987 units (to raise S$341.0 Million)
• Portfolio = 1 retail property in Singapore (71.5%); 1 commercial office property (Grade A Freehold) in Milan, Italy (28.5%)
• Portfolio Size = S$1.403 Billion
• IPO Offer Price = S$0.88
• NAV per unit = S$0.8134
• Price / NAV = 1.082
• Distribution Yield = 5.8% (2020), 6.0% (2021)
• Distribution Policy = 100% for 2020 & 2021. At least 90% thereafter. Semi Annual Payout.
• Occupancy Rate = 99.9%
• WALE = 4.9 Years
• Gearing Ratio = 36.4%
• WADM = 3.8 Years
• Offer Closing Date: Sep 30, 2019, 12pm
• Listing Date: Oct 2, 2019, 2pm
• Lendlease Global Commercial REIT IPO Prospectus

PORTFOLIO

TENANT / SECTOR DIVERSIFICATION

LEASE EXPIRY PROFILE

INCOME PROJECTION

TRUST STRUCTURE

INDICATIVE TIME TABLE

Compare to other Singapore REITs here.

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