Australia-listed developer Lendlease Group is planning to list a REIT of its retail assets on the Singapore Exchange, according to media reports.
An official announcement has not been released.
The group is planning to raise up to $500 million, or A$675.3 million, from the listing.
In response to a query from The Business Times, a spokesman for the company said: “Lendlease doesn’t comment on market rumor or speculation. The company manages more than A$34 billion [$24 billion] of funds globally across wholesale property and infrastructure funds and separate managed investment mandates. We regularly assess new capital initiatives across the regions in which we operate.”
