Asset Acquisitions and Disposals::Acquisition of a stake in Jem via a 5% interest in Lendlease Asian Retail Investment Fund 3

Issuer & Securities

Issuer/ Manager
LENDLEASE GLOBAL COMMERCIAL TRUST MANAGEMENT PTE. LTD.
Securities
LENDLEASE GLOBAL COMMERCIAL REIT - SGXC61949712 - JYEU
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
01-Oct-2020 17:46:46
Status
New
Announcement Sub Title
Acquisition of a stake in Jem via a 5% interest in Lendlease Asian Retail Investment Fund 3
Announcement Reference
SG201001OTHR53PY
Submitted By (Co./ Ind. Name)
Kelvin Chow
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Lendlease Global Commercial REIT has acquired a 5.0% stake in Lendlease Asian Retail Investment Fund 3 Limited, which holds a 75.0% indirect interest in Jem, from Lendlease International Pty Limited at a purchase consideration of approximately S$45.0 million.

Attachments

Announcement.pdf
Press Release.pdf
Total size =1156K