Thursday, October 2, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

Lendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO

by Stephanie Irvin
in Real Estate
Lendlease Global Commercial Reit appoints Guy Alexander Cawthra as CEO
Share on FacebookShare on Twitter


LENDLEASE Global Commercial Real Estate Investment Trust (LReit) has appointed Guy Alexander Cawthra as its new chief executive, effective Apr 1. 

He replaces Kelvin Chow, who has resigned “to pursue other opportunities”. Chow is the Reit’s first and only chief executive thus far, since the Reit was listed in 2019.

On Tuesday (Feb 11), LReit said Cawthra will be responsible for leading the Reit’s manager team and overseeing the Reit’s business, including investment, asset management and finance.

Since 2014, Cawthra has held various roles at the Reit’s sponsor, Lendlease Group. He is currently managing director for investment management (Asia) at Lendlease Group.

LReit said arrangements have been made to resign Cawthra from Lendlease Group entities prior to his appointment as CEO.

On Feb 3, the manager of LReit reported that distribution per unit (DPU) for its first half ended Dec 31 fell 14.3 per cent to S$0.018, from S$0.021 in the corresponding period the year before.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

This was driven by higher finance costs, lower net property income and an enlarged unit base.

Revenue was down 13.6 per cent at S$103.6 million for the half-year period, from S$119.9 million in the year-ago period.

NPI dropped 19.8 per cent on the year to S$74.9 million from S$93.4 million previously. Distributable income declined 11.8 per cent year on year to S$43.5 million, from S$49.3 million before.

LReit’s retail portfolio in Singapore includes Jem and 313@somerset.

Units of LReit were up 1 per cent or S$0.005 at S$0.515 as at 9.16 am on Tuesday.

Copyright SPH Media. All rights reserved.

Tags: AlexanderAppointsCawthraCEOCommercialGlobalGuyLendleaseReit
Stephanie Irvin

Stephanie Irvin

Next Post
Australia’s Macquarie profit flattens as commodity trading drops

Australia’s Macquarie profit flattens as commodity trading drops

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In