Lendlease Global Commercial REIT (SG:JYEU) has released an update.
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Lendlease Global Commercial REIT reported a healthy retail rental reversion of 11.4% in the first quarter of FY2025, with portfolio occupancy rising to 89.5% due to new leases at Sky Complex. The retail portfolio maintained a high occupancy rate of 99.9%, supported by a 90.0% tenant retention rate, and tenant sales surpassed pre-COVID-19 levels. The REIT is enhancing its tenant mix with new offerings, including unique cafes and renovated dining spaces.
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