Lendlease REIT to Acquire 70% of PLQ Mall to Expand its Suburban Retail Portfolio in Singapore
Globenewswire·2025-11-05 08:36
Key Highlights Following the acquisition, Singapore will represent 89% of the portfolio – reinforcing geographic focus while enhancing income stability and portfolio resilience.Prime location with excellent connectivity to support long-term income growth.Agreed property value of S$885.0 million represents approximately 2.1% discount on its latest valuation.Post acquisition, gearing will be 38.3% on a pro forma basis.Distribution per unit to increase by 2.5% on a pro forma basis. SINGAPORE, Nov. 05, 2025 (GL ...