Lendlease Global Commercial Reit has acquired a stake in Jem shopping mall, through a 5 per cent stake in Lendlease Asian Retail Investment Fund 3 at a purchase consideration of around S$45 million, said the real estate investment trust's (Reit) manager in a bourse filing on Thursday.

Lendlease Asian Retail Investment Fund 3, indirectly holds a 75 per cent interest in Jem. The fund is a private fund managed by Lendlease Investment Management, an indirect wholly owned subsidiary of the sponsor of the Reit, Lendlease Corporation.