Lendlease REIT completes PLQ Mall deal, deploys $234.5m placement funds
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Lendlease Global Commercial REIT has completed the acquisition of a 70% stake in PLQ Mall through PLQM Trust units and trustee-manager shares. The $280m transaction was funded by a private placement, with $234.5m allocated for the acquisition and $45.5m for fees and debt reduction. The reallocation slightly reduced the debt repayment funds by $0.2m.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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