Lendlease Singapore is an indirect wholly-owned subsidiary of Lendlease Corporation, the sponsor of LREIT, making this an interested-person transaction.
The manager of Lendlease Global Commercial REIT (LREIT) has appointed Lendlease Singapore as the project manager for the redevelopment of the Grange Road car park site to provide project and construction management services.
The appointment was made through a project and construction management services agreement (PCMA) between LREIT’s trustee, RBC Investor Services, and Lendlease Singapore on Feb 18.
