Lendlease Asian Retail Investment Fund 3 is a private fund which is managed by Lendlease Investment Management (LIMPL). The fund, in turn, indirectly holds a 75.0% interest in Jem, an integrated office and retail development located in Jurong Gateway.
The manager of Lendlease Global Commercial REIT (LREIT) today announced that the REIT has acquired a stake in Jem at a purchase consideration of $45 million.
RBC Investor Services Trust, the trustee of LREIT on Oct 1, entered into a share purchase agreement (SPA) with Lendlease International to acquire a 5.0% stake in Lendlease Asian Retail Investment Fund 3 Limited.
