It was also able to achieve a positive rental reversion of 15.3%, as well as a healthy retail tenant retention rate of 86.2%.
Lendlease Global Commercial REIT has reported an improved portfolio committed occupancy of 88.8% as at March 31 versus 87.9% as at last December, as it secured more takers for its office space in Italy, the Sky Complex.
In its 3QFY2024 business update, LREIT, whose key assets are stakes in three retail malls in Singapore, was able to achieve a committed occupancy of 99.4% for its retail assets.
