---
title: "Singtel Completes Partnership with Lendlease for Comcentre Property Redevelopment"
description: "Singapore Telecommunications completed the strategic partnership with Lendlease for the redevelopment of the telecom company's Comcentre property, according to a filing with the Singapore Exchange on "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/231143726.md"
published_at: "2025-03-10T01:48:43.000Z"
---

# Singtel Completes Partnership with Lendlease for Comcentre Property Redevelopment

> Singapore Telecommunications completed the strategic partnership with Lendlease for the redevelopment of the telecom company's Comcentre property, according to a filing with the Singapore Exchange on Monday. Lendlease has acquired a 49% interest in Singtel Somerset, which will pay the land cost of SG$1.6 billion to Singtel. Redevelopment of Comcentre will be financed through external debt and equity commitments from Singtel and Lendlease. Shares of the telecommunications company were down over 1% in recent trading.

Singapore Telecommunications completed the strategic partnership with Lendlease for the redevelopment of the telecom company's Comcentre property, according to a filing with the Singapore Exchange on Monday.

Lendlease has acquired a 49% interest in Singtel Somerset, which will pay the land cost of SG$1.6 billion to Singtel.

Redevelopment of Comcentre will be financed through external debt and equity commitments from Singtel and Lendlease.

Shares of the telecommunications company were down over 1% in recent trading.

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.