According to Lendlease REIT, it received total applications of just over 219.14 million units, equivalent to 62.19% of the total offering. Lendlease REIT is raising funds to help pay for the acquisition of the remaining stake 30% in Paya Lebar Quarter it does not already own.
Lendlease Global Commercial REIT units dropped after its preferential offering of $196.6 million was not fully taken up.
As at 9.57 am, Lendlease REIT units dropped 3.48% to 55.5 cents. It is the fourth most heavily traded counter thus far today.
