The manager of Lendlease Global Commercial REIT (LREIT) announced on Dec 2 that the REIT has been included under the Central Provident Fund Board’s CPF Investment Scheme – Ordinary Account with effect from Nov 30.
Investors may now use up to 35% of their investible savings in their CPF ordinary accounts to acquire units in the REIT.
SEE:UOB Kay Hian starts Lendlease Global Commercial REIT at 'buy' with TP of 97 cents
Such units may only be disposed of through trading on the SGX-ST. Any proceeds from the disposals will be credit back into their respective ordinary accounts.
Units in LREIT closed 1 cent higher or 1.5% up at 69.5 cents on Dec 2.
