Lendlease REIT raises $280m from oversubscribed private placement

The proceeds will fund its 70% PLQ Mall stake acquisition.

Lendlease Global Commercial REIT has raised $280m from an upsized private placement, following strong investor demand that saw the offer nearly three times covered, as stated on a press release.

The issue was increased from an initial $270m, priced at $0.602 per unit, reflecting a 3.7% discount to the adjusted volume-weighted average price of $0.6253.

According to the REIT’s manager, the placement drew strong support from institutional and private investors, underscoring market confidence in the trust’s portfolio strategy and growth outlook. The new units are expected to be issued on 14 November 2025.

Proceeds from the offering will be used primarily to fund the acquisition of a 70% interest in PLQ Mall, announced earlier this week. The manager said the transaction aligns with its strategy to expand recurring income and enhance portfolio resilience.

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Lendlease Global Commercial REIT

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