Lendlease Global Commercial REIT (SGX:JYEU) acquired 10% stake in Parkway Parade Partnership Pte. Ltd. from Lendlease Asia Investments Pty Limited for SGD 88.9 million on June 5, 2023. The purchase price was subject to post-completion adjustments. Lendlease Global Commercial Trust Management Pte. Ltd. financed the acquisition through internal resources and debt facilities. Distribution Per Unit (“DPU”) accretive on a pro forma basis. Deloitte & Touche Corporate Finance Pte Ltd acted as financial advisor and fairness opinion provider to Lendlease Global Commercial Trust Management Pte. Ltd.

Lendlease Global Commercial REIT (SGX:JYEU) completed the acquisition of 10% stake in Parkway Parade Partnership Pte. Ltd. from Lendlease Asia Investments Pty Limited on June 5, 2023.