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Lendlease REIT reports 1.8% YoY increase in DPU in 2H FY2025. Post financial year end, the Manager entered into an agreement to divest Jem office.
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Retail portfolio achieved a positive rental reversion of 10.4%. Jem office achieved a positive rental uplift of approximately 13%.
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Lendlease Global Commercial REIT Secures Approximately 13% Rental Increase for Jem Office
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Key Highlights Retail portfolio occupancy remained high at 99.9% while the office portfolio occupancy improved to 86.6% from 81.7% in Q1 FY2025.Lower gross revenue and net property income (“NPI”)...
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Lendlease Global Commercial Trust Management Pte. Ltd. announces its first quarter business update for FY2025.