𝛼SK or SearchLendlease Global Commercial REIT (JYEU): Retail-Led Income Play With Office Upside
SUMMARY
- Lendlease Global Commercial REIT (JYEU) is a Singapore-listed real estate investment trust which owns and manages a diversified portfolio of prime retail and office properties globally. The Company currently has properties in two countries—Singapore and Italy.
- Following the divestiture of Jem Office in August 2025, Singapore’s portfolio now comprises 313@Somerset, a leading lifestyle retail mall located along Orchard Road, Jem (only retail) as well as minority interest (10%) in Parkway Parade. Italy portfolio includes three Grade A office properties in Milan. We note that post-divestment, Singapore accounts for 85% of the total portfolio value, with Italy accounting for the remaining 15%.
- Lendlease Global’s portfolio is well diversified, with the top 10 tenants accounting for only 37% of gross rental income. The Company’s investment manager is Lendlease Global Commercial Trust Management Pte. Ltd.
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- Lendlease Global Commercial REIT (JYEU): Retail-Led Income Play With Office Upside24 Oct 2025
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