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The latest announcement is out from Lendlease Global Commercial REIT ( (SG:JYEU) ).
Lendlease Global Commercial REIT successfully completed a private placement, raising approximately S$280 million, which was upsized from the initial S$270 million due to strong investor interest. The funds will primarily finance the acquisition of a 70% interest in PLQ mall, reflecting investor confidence in the company’s strategy and performance.
The most recent analyst rating on (SG:JYEU) stock is a Buy with a S$0.75 price target. To see the full list of analyst forecasts on Lendlease Global Commercial REIT stock, see the SG:JYEU Stock Forecast page.
More about Lendlease Global Commercial REIT
Lendlease Global Commercial REIT is a real estate investment trust managed by Lendlease Global Commercial Trust Management Pte. Ltd. The company operates in the real estate industry, focusing on commercial properties. It aims to deliver sustainable value to its stakeholders through strategic acquisitions and effective management of its property portfolio.
Average Trading Volume: 9,686,483
Technical Sentiment Signal: Buy
Current Market Cap: S$1.58B
For a thorough assessment of JYEU stock, go to TipRanks’ Stock Analysis page.