The private placement will also be subject to an upsize option of around 103.4 million additional new units to raise proceeds of around $75 million.
The manager of Lendlease Global Commercial REIT (LREIT) is seeking to raise $573.8 million through a private placement of 448.3 million new units.
The new units will be issued at an issue price range of between 72.5 cents to 74 cents per new unit, or 7.1% to the volume weighted average price (VWAP) of the trades done on March 21.
