Singapore: Lendlease Global Commercial Trust Management Pte. Ltd. (the 'Manager'), the manager of Lendlease Global Commercial REIT ('Lendlease REIT'), has announced its third-quarter business update for FY2026. A key highlight is the completion of the acquisition of a 30% interest in PLQ Mall, which took place on 26 March 2026, granting Lendlease REIT full ownership of the asset.

According to BERNAMA News Agency, enhancement works are currently underway at PLQ Mall, with completion targeted by the end of 2026. These initiatives focus on optimizing space utilization and enhancing the tenant mix. The goal is to better align the mall with evolving consumer demands and retailers' operational requirements. Upon completion, the reconfigured spaces are anticipated to support higher rental rates, thereby strengthening Lendlease REIT's income profile.