Lendlease Global Commercial REIT public tranche 14.5 times subscribed – highest for S-REIT in 5 years

SINGAPORE (Oct 1): Lendlease Global Commercial REIT has completed its initial public offering of 387.5 million units at 88 cents each, with the public tranche of 22.7 million units 14.5 times subscribed – the highest subscription rate for a Singapore REIT in five years.

Lendlease had received 13,640 valid applications under the public tranche, amounting to some 330.4 million units.