Author: leahlim   |   Latest post: Wed, 13 Nov 2019, 10:41 AM


[UPDATE] 313@somerset sold to upcoming Lendlease Global Commercial REIT for just over $1 bil

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SINGAPORE (EDGEPROP) - On Aug 23, Lendlease Retail Investments 1 Pte Ltd, which owns 313@somerset, sold the property for $1.003 billion to RBC Investor Services Trust Singapore Pte Ltd in its capacity as trustee of Lendlease Global Commercial REIT. This was according to a property title search. Lendlease Global Commercial REIT lodged its prospectus on Sept 16, 2019.

The Reit is expected to have an initial portfolio of two properties, 313@somerset in Singapore, and Sky Complex, which comprises three office buildings in Milan, Italy.


Read more:  https://www.edgeprop.sg/property-news/313somerset-sold-upcoming-lendlease-global-commercial-reit-just-over-1-bil

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