LIKE some of its real estate investment trust (Reit) peers listed in Singapore, the manager of Lendlease Global Commercial Reit : JYEU 0% (LReit) could be looking to pare down some debt amid the higher-for-longer interest rate environment.
But with its portfolio mainly comprising just three properties, the Reit manager would have to carefully consider the merits of a divestment to raise cash against the pressure of losing one of its prized assets.
As at end-June 2023, LReit’s property portfolio was valued at S$3.65 billion, with 88 per cent of it in Singapore.