The stars are aligning for Lendlease Reit to transform into a pure-play retail landlord
The potential sale of the trust’s Sky Complex office property and acquisition of PLQ Mall should excite unitholders
Lendlease Global Commercial Reit (LReit) could be on the cusp of a transformation.
The manager of LReit on Tuesday (Sep 30) disclosed that it has signed a new tenant – an American technology company – at Building 3 of its Sky Complex property in Milan, Italy.
This brings committed occupancy at the seven-storey Grade A office building to 49 per cent, up from 31 per cent in February.
