“Following the demand that was seen in the recently concluded private placement, we are immensely pleased with the outcome of the perpetual securities issuance,” says Kelvin Chow, CEO of LREIT’s manager.
Following stronger than expected demand, Lendlease Global Commercial REIT has raised its perpetual securities offering to $200 million from the initial $150 million.
The issue, which has been priced at 5.25% a year, was 5.3 times subscribed.
