The preferential offering was 137.4% or about 1.4 times subscribed, which means no excess application was needed to be made by Lendlease GCR Investment Holding and the REIT manager.
The manager of Lendlease Global Commercial REIT (LREIT) says it has raised gross proceeds of $648.8 million from its equity fund raising.
Of the total amount, $248.8 million were raised through the preferential offering, where 345.58 million new units were issued at 72 cents apiece.
