Lendlease Global Commercial REIT said on Mar, 26 2026 that it has completed the acquisition of a 30% stake in PLQ Mall.
The trust raised 196.6 million Singapore dollars through an underwritten non-renounceable preferential offering and has applied approximately 100.8 million Singapore dollars, or 51.3% of the total, to finance the purchase.
About 12.9 million Singapore dollars, representing 6.6% of the proceeds, will be used for transaction, equity-raising and debt-refinancing expenses, while the remaining 82.8 million Singapore dollars, or 42.1%, is earmarked to pare down existing debt, fully allocating the funds raised.
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