Lendlease REIT Delivers Strong Operating Performance and Disciplined Capital Management

SINGAPORE, May 19 (Bernama) -- Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), the manager of Lendlease Global Commercial REIT (“Lendlease REIT”), announces its third-quarter business update for FY2026.

Completed the acquisition of 30% interest in PLQ Mall, achieving full ownership

Lendlease REIT completed the acquisition of 30% interest in PLQ Mall on 26 March 2026, achieving full ownership of the asset. Enhancement works are currently underway, with completion targeted by end‑2026. These initiatives are aimed at optimising space utilisation and enhancing the tenant mix, positioning PLQ Mall to better capture evolving consumer demand and meet retailers’ operational requirements. Upon completion, the reconfigured spaces are expected to support higher rental rates and strengthen Lendlease REIT’s income profile.