REIT ASIAPAC
Cover Story
LENDLEASE GLOBAL COMMERCIAL REIT : SINGAPORE IS PRIMARY FOCUS FOR NEAR TERM ACQUISITIONS
Photo : The REIT ’ s manager Chief Executive Office Kelvin Chow
The REIT ’ s manager Chief Executive Office Kelvin Chow tells REIT AsiaPac that suburban malls remain a resilient segment while its decentralised office assets will see support from flexible work arrangements during and post pandemic .
Q1
Having listed with 313 @ somerset and Sky Complex , Milan , most of LendLease Global Commercial REIT ’ s ( LREIT ) subsequent investments have been in Singapore . Are you pursuing investments in markets outside of Singapore currently ? If so , which markets and how do you see the commercial property market prospects in those markets ?
In addition to Singapore , we continue to look out for relevant growth opportunities from our sponsor ’ s pipeline as well as from third-party sources . There are opportunities to tap our sponsor ’ s global pipeline to acquire high-quality assets with stable cash flow . The acquisition of the additional stake in Jem through our sponsor to boost LREIT ’ s portfolio income diversification clearly demonstrates its support for the REIT .
When evaluating acquisition opportunities , our key objective is always to deliver regular and stable distributions for unitholders . To achieve this , we take into consideration the strength of the
4