PLQ Mall comprises 340,000 sq ft of retail space, according to its website. The mall was opened in 2019, suggesting that it is likely to be approaching its second lease cycle. The retail leasing cycle is around two to three years.
The Australian Financial Review (AFR) says the Abu Dhabi Investment Authority (ADIA), which owns 70% of Paya Lebar Quarter (PLQ), would like to divest its stake.
According to the AFR, and quoting Lendlease Group’s CEO Tony Lombardo, Lendlease is working with ADIA to divest PLQ Mall.
