Lendlease Global Commercial REIT will acquire the remaining 30% indirect stake in Singapore’s PLQ Mall to take full ownership and operational control, lifting its total assets to about S$4.2 billion with Singapore accounting for roughly 90% of the portfolio. The deal values PLQ Mall at an agreed S$885 million, a 2.2% discount to the latest appraised value, and is expected to support refinancing that could save around S$2 million a year in debt costs while keeping pro forma gearing near 38%. To fund the acquisition and reduce debt, the REIT launched a S$196.6 million preferential offering priced at S$0.558 per unit, with the full PLQ Mall ownership expected to be 2.1% accretive to distribution per unit on a pro forma basis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lendlease Global Commercial REIT published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: M8B7L26JSWO0SL1B) on February 24, 2026, and is solely responsible for the information contained therein.