The initial public offering will see some 387.5 million units of Lendlease Global REIT up for grabs at an offering price of 88 cents apiece.
SINGAPORE (Sept 16): Australia-listed international property and infrastructure group Lendlease Global has lodged a prospectus to list Lendlease Global Commercial REIT on the Mainboard of the Singapore Exchange.
The manager aims to raise a total of approximately $1 billion in gross proceeds from the IPO as well as a separate offering to cornerstone investors and a separate subscription by Lendlease SREIT, the trustee of an indirectly wholly-owned sub-trust of Lendlease Trust.
