Lendlease REIT in the Work

Market news —

It is reported that the developer LendLease group, listed in Australia, is eyeing the listing of a REIT in Singapore to offload some of its properties:

Citing people with knowledge of the transaction, the online article published today said the group is planning to raise up to US$500 million, or $675.3 million, from the listing.

The group itself, however, has yet to make any announcements on the ASX nor via its website as at the time of writing.