Lendlease will start taking investor orders as soon as Tuesday, said people familiar with the matter, asking not to be identified as the information is private.
SINGAPORE: Lendlease Global Commercial REIT, part of Australia’s Lendlease Group, is planning to raise as much as S$740mil (US$539m) in what would be Singapore’s third-largest initial public offering this year.
The real-estate investment trust aims to sell 841.3 million units at S$0.88 each, according to a preliminary prospectus filed Monday. The offer price represents a forecast annualised yield of 5.8% for the 2020 fiscal year and 6.01% for 2021, the company said in the prospectus.
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