Lendlease Reit    Last:0.575    +0.01

Lendlease Global REIT

Lendlease partners Google Cloud to realise more efficient and sustainable urbanisation projects

International real estate group Lendlease has partnered with Google Cloud to usher in safer, more sustainable, and efficient urbanisation projects globally.

As part of the partnership, Lendlease will exit its eight on-premise data centres across four continents by 2022 and migrate its mission-critical enterprise workloads to Google Cloud. The mission-critical workloads include Lendlease' s data-intense CAD platforms, in-house project excellence platform Oli, and its Oracle-based eFinance system. 

The move will enable Lendlease to significantly increase operational efficiency, drive improved decision making through enhanced reporting and analytics capabilities, and strengthen its cybersecurity posture.

Lendlease will also integrate new AI/ML (artificial intelligence/machine learning) and smart analytics capabilities from Google Cloud into Podium.

Podium is Lendlease' s platform that runs autonomous buildings and helps manage energy use, human needs, and resource management goals. It currently relies exclusively on Google Cloud for its data storage, network, and computing needs, and firms use the platform to plan construction projects with accurate parts, pricing and supply.

Under the new partnership, Lendlease and Google Cloud will collaborate on new Podium products and services to give customers the needed intelligence to improve quality and safety, as well as accelerate development pipelines. They will also provide customers with advanced tools and capabilities to enable them to achieve their sustainability targets. 

" By using Podium to digitise supply chains, firms can plan construction projects with accurate parts, pricing and supply. This means fewer delays to projects, more precise build plans, and a reduction in cost estimate errors. This will also put important information about the lifecycle of building projects into the hands of employees at their work locations, including construction sites and within owned property assets," says Bill Ruh, CEO, Lendlease Digital.

" By running on the cleanest cloud in the industry, Lendlease will gain increased efficiency, lower its environmental footprint, and be able to offer its clients greater information about the lifecycle of building projects. Working together, we will also spearhead digital transformation across the global property and construction industry, and enable companies to drive towards a healthier, more sustainable future," says Alister Dias, vice president, Google Cloud in Australia and New Zealand. 

 

 

Wait for below 80 cents!I think Speculation play! Dyodd

Goldfinger      ( Date: 05-Sep-2021 21:21) Posted: Lendlease is a gem - hope it?s price stays stable so we can always top up.

 

Lendlease is a gem - hope it?s price stays stable so we can always top up.

 

Does anyone know the link to this UOB KY Alpha Picks portfolio?
I can' t seem to find it

DBS has one similar one too, called the DBS Equity Picks
Anytime they decide to add or remove, they will update it within hours
 

 

UOB Kay Hian adds Lendlease REIT to its alpha picks portfolio, removes Ascendas REIT, SGX, Hong Leong Asia

UOB Kay Hian has added Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio on Sept 3 after the portfolio " handily beat" the performance of the Straits Times Index (STI) in the month of August.

During the month, UOB Kay Hian' s alpha picks portfolio rose 0.9% m-o-m on an equal-weight basis, surpassing the STI' s performance, which declined 3.5% m-o-m.

That said, the outperformance was due to a range of stocks that only comprised one-third of the portfolio seeing positive share price increases m-o-m.

" On price and market cap basis, Sea materially skewed the results due to its oversized market cap relative to the rest of the portfolio. In August, a narrow range of stocks did well, including Sea (+22.5% m-o-m), Yangzijiang or YZJ (+19.7% m-o-m) and UMS (+8.1% m-o-m)," writes the Singapore research team in a Sept 3 report.

For September, the team has removed Ascendas REIT (A-REIT) from its portfolio and replaced it with LREIT due to the latter' s growth profile.

Key catalysts to LREIT' s share price include the redevelopment of the Grange Road car park, as well as the acquisition of Jem, say analyst Jonathan Koh.

Koh has kept " buy" on LREIT with an unchanged target price of $1.01.

In addition, the team has removed SGX due to the launch of the MSCI China A50 Connect Index by the Hong Kong Stock Exchange (HKEX). The team also estimates SGX to bring in lower treasury income in the months moving forward.

Finally, Hong Leong Asia has been removed from UOB Kay Hian' s alpha picks portfolio due to its " challenging outlook for 2HFY2021" and lack of catalysts for the near-term.

 

Closed strong and high today.   Seems like Mr Market likes all that' s going to happen for Lendlease Reit.

Good reit

coco66      ( Date: 02-Sep-2021 14:09) Posted: DBS Report   (2 Sept 2021) " Full control of JEM may happen within a year" Link:   https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/ca94ff6a6166e210f27c009c0e5b2c7504fa724a.pdf?1630549618

 

I think depends on their internal mandate.   Eg. Some managers under some firms may have a mandate / only allowed to buy stuff that are already within an index.   They have more rules than us retailers 

 

Goldfinger      ( Date: 02-Sep-2021 15:07) Posted: So will funds be  buying now to increase the allocation, or only on 20 Sep onwards? PhillipTan      ( Date: 02-Sep-2021 14:09) Posted: *All constituent changes will be applied after the close of business on Sept 17, so inclusion officially on Sept 20. Now is only announcement That is my understanding Eleven of Singapore' s smaller Reits enter FTSE EPRA Nareit Global Real Estate Index Eleven of Singapore' s smaller Reits have made it into the FTSE EPRA Nareit Global Real Estate Index series, according to the index series' quarterly review changes announced by FTSE Russell on Sept 1. The entries into the FTSE EPRA Nareit Global Developed Index include AIMS APAC Reit, ARA Logos Logistics Trust, Cromwell European Reit, ESR-Reit, Far East Hospitality Trust, Keppel Pacific Oak US Reit, Lendlease Global Commercial Reit, OUE Commercial Reit, Prime US Reit, SPH Reit and Starhill Global Reit. FTSE Russell noted that the increased number of additions this quarter was due to the updated thresholds for the Developed Asia series. In June, the investable market cap threshold was lowered to 0.1 per cent of the securities' respective regional index for additions to the Developed Asia series, compared to 0.3 per cent previously. For deletions from the index series, the threshold was lowered to 0.05 per cent from 0.15 per cent. The review may be subject to changes until the close of business on Sept 3, and all constituent changes will be applied after the close of business on Sept 17. The index series, which tracks the performance of listed real estate companies and Reits, is a global benchmark jointly developed by FTSE Russell with the EPRA (European Public Real Estate Association) and the Nareit (National Association of Real Estate Investment Trusts). Prior to the review, there were 17 Singapore Reits and property trusts in the FTSE EPRA Nareit Developed Index, according to the index' s factsheet as at July 30, 2021. ​

 

So will funds be  buying now to increase the allocation, or only on 20 Sep onwards?

PhillipTan      ( Date: 02-Sep-2021 14:09) Posted: *All constituent changes will be applied after the close of business on Sept 17, so inclusion officially on Sept 20. Now is only announcement That is my understanding Eleven of Singapore' s smaller Reits enter FTSE EPRA Nareit Global Real Estate Index Eleven of Singapore' s smaller Reits have made it into the FTSE EPRA Nareit Global Real Estate Index series, according to the index series' quarterly review changes announced by FTSE Russell on Sept 1. The entries into the FTSE EPRA Nareit Global Developed Index include AIMS APAC Reit, ARA Logos Logistics Trust, Cromwell European Reit, ESR-Reit, Far East Hospitality Trust, Keppel Pacific Oak US Reit, Lendlease Global Commercial Reit, OUE Commercial Reit, Prime US Reit, SPH Reit and Starhill Global Reit. FTSE Russell noted that the increased number of additions this quarter was due to the updated thresholds for the Developed Asia series. In June, the investable market cap threshold was lowered to 0.1 per cent of the securities' respective regional index for additions to the Developed Asia series, compared to 0.3 per cent previously. For deletions from the index series, the threshold was lowered to 0.05 per cent from 0.15 per cent. The review may be subject to changes until the close of business on Sept 3, and all constituent changes will be applied after the close of business on Sept 17. The index series, which tracks the performance of listed real estate companies and Reits, is a global benchmark jointly developed by FTSE Russell with the EPRA (European Public Real Estate Association) and the Nareit (National Association of Real Estate Investment Trusts). Prior to the review, there were 17 Singapore Reits and property trusts in the FTSE EPRA Nareit Developed Index, according to the index' s factsheet as at July 30, 2021. ​

 

DBS TP (2 sept 2021):   $1.05

DBS reported Full (100%) Acquisition of JEM may be upcoming


 

leroy55      ( Date: 21-Aug-2021 15:16) Posted: Can go $1? coco66      ( Date: 21-Aug-2021 12:13) Posted: Promising  A lot of potential upside this reit

 

DBS Report   (2 Sept 2021)

" Full control of JEM may happen within a year"



Link:   https://s3-ap-southeast-1.amazonaws.com/investingnote-production-webbucket/attachments/ca94ff6a6166e210f27c009c0e5b2c7504fa724a.pdf?1630549618
 

 

*All constituent changes will be applied after the close of business on Sept 17, so inclusion officially on Sept 20.
Now is only announcement
That is my understanding

Eleven of Singapore' s smaller Reits enter FTSE EPRA Nareit Global Real Estate Index

Eleven of Singapore' s smaller Reits have made it into the FTSE EPRA Nareit Global Real Estate Index series, according to the index series' quarterly review changes announced by FTSE Russell on Sept 1.

The entries into the FTSE EPRA Nareit Global Developed Index include AIMS APAC Reit, ARA Logos Logistics Trust, Cromwell European Reit, ESR-Reit, Far East Hospitality Trust, Keppel Pacific Oak US Reit, Lendlease Global Commercial Reit, OUE Commercial Reit, Prime US Reit, SPH Reit and Starhill Global Reit.

FTSE Russell noted that the increased number of additions this quarter was due to the updated thresholds for the Developed Asia series.

In June, the investable market cap threshold was lowered to 0.1 per cent of the securities' respective regional index for additions to the Developed Asia series, compared to 0.3 per cent previously. For deletions from the index series, the threshold was lowered to 0.05 per cent from 0.15 per cent.

The review may be subject to changes until the close of business on Sept 3, and all constituent changes will be applied after the close of business on Sept 17.

The index series, which tracks the performance of listed real estate companies and Reits, is a global benchmark jointly developed by FTSE Russell with the EPRA (European Public Real Estate Association) and the Nareit (National Association of Real Estate Investment Trusts).

Prior to the review, there were 17 Singapore Reits and property trusts in the FTSE EPRA Nareit Developed Index, according to the index' s factsheet as at July 30, 2021.

​

 

Announcement on 01/09
Actual inclusion 20/09
 

PhillipTan      ( Date: 02-Sep-2021 13:58) Posted: Potential... was posted on 14/08 Already is included and announced on 01/09   Goldfinger      ( Date: 02-Sep-2021 13:44) Posted: Already included. No longer potential....   ELEVEN of Singapore' s smaller Reits have made it into the FTSE EPRA Nareit Global Real Estate Index series, according to the index series' quarterly review changes announced by FTSE Russell on Sept 1. The entries into the FTSE EPRA Nareit Global Developed Index include AIMS APAC Reit, ARA Logos Logistics Trust, Cromwell European Reit, ESR-Reit, Far East Hospitality Trust, Keppel Pacific Oak US Reit, Lendlease Global Commercial Reit, OUE Commercial Reit, Prime US Reit, SPH Reit and Starhill Global Reit.

 

Potential... was posted on 14/08
Already is included and announced on 01/09


 

Goldfinger      ( Date: 02-Sep-2021 13:44) Posted: Already included. No longer potential....   ELEVEN of Singapore' s smaller Reits have made it into the FTSE EPRA Nareit Global Real Estate Index series, according to the index series' quarterly review changes announced by FTSE Russell on Sept 1. The entries into the FTSE EPRA Nareit Global Developed Index include AIMS APAC Reit, ARA Logos Logistics Trust, Cromwell European Reit, ESR-Reit, Far East Hospitality Trust, Keppel Pacific Oak US Reit, Lendlease Global Commercial Reit, OUE Commercial Reit, Prime US Reit, SPH Reit and Starhill Global Reit. PhillipTan      ( Date: 14-Aug-2021 03:38) Posted: CGS-CIMB ups TP for LREIT on potential Nareit Index inclusion CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee are upbeat on Lendlease Global Commercial REIT (LREIT) after its 2HFY2021 ended June results came in line with expectations.- The analysts highlight that LREIT' s stronger performance was mainly attributable to lower rental rebates provided to retail tenants at 313@Somerset, and a stronger euro against the Singapore dollar from the property at Sky Complex. Rental reversions have also improved q-o-q, albeit still in negative territory according to the manager. Eing and Lock view that LREIT' s portfolio remains robots with a high occupancy of 99.8% in FY2021 with a long weighted average lease expiry of 8.8 years. They also note that tenant sales and footfall improved 33.6% and 6.2% y-o-y to $81.5 million and 11.4 million respectively for the 2HFY2021. " We expect further relaxation of restrictions and higher vaccination rates to drive recovery across LREIT' s retail portfolio," they say. " LREIT is well-capitalised with a gearing ratio of 32% and interest coverage ratio of 8.9 times, in our view," they add. The analyts have updated their forecast to introduce FY2024 estimates. They have also lowered their cost of equity assumptions from 7.7% to 7.3%, reflecting a premium for LREIT' s potential inclusion into FTSE EPRA Nareit Index.  To that end, their target price for LREIT has increased to 95.6 cents, up from 89.1 cents previously.  " Against a backdrop of ongoing Covid-19 uncertainties, we expect LREIT to face rental pressures in FY2022 but we believe that annual rental escalations in c.60% of the mall' s NLA, the long lease structure of Sky Complex, and the 44,200 sq ft Grange Road redevelopment should cushion negative rental reversions for renewed leases," they say. Units in LREIT closed flat at 88.5 cents on August 13.

 

Already included. No longer potential....
 

ELEVEN of Singapore' s smaller Reits have made it into the FTSE EPRA Nareit Global Real Estate Index series, according to the index series' quarterly review changes announced by FTSE Russell on Sept 1.

The entries into the FTSE EPRA Nareit Global Developed Index include AIMS APAC Reit, ARA Logos Logistics Trust, Cromwell European Reit, ESR-Reit, Far East Hospitality Trust, Keppel Pacific Oak US Reit, Lendlease Global Commercial Reit, OUE Commercial Reit, Prime US Reit, SPH Reit and Starhill Global Reit.

PhillipTan      ( Date: 14-Aug-2021 03:38) Posted: CGS-CIMB ups TP for LREIT on potential Nareit Index inclusion CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee are upbeat on Lendlease Global Commercial REIT (LREIT) after its 2HFY2021 ended June results came in line with expectations.- The analysts highlight that LREIT' s stronger performance was mainly attributable to lower rental rebates provided to retail tenants at 313@Somerset, and a stronger euro against the Singapore dollar from the property at Sky Complex. Rental reversions have also improved q-o-q, albeit still in negative territory according to the manager. Eing and Lock view that LREIT' s portfolio remains robots with a high occupancy of 99.8% in FY2021 with a long weighted average lease expiry of 8.8 years. They also note that tenant sales and footfall improved 33.6% and 6.2% y-o-y to $81.5 million and 11.4 million respectively for the 2HFY2021. " We expect further relaxation of restrictions and higher vaccination rates to drive recovery across LREIT' s retail portfolio," they say. " LREIT is well-capitalised with a gearing ratio of 32% and interest coverage ratio of 8.9 times, in our view," they add. The analyts have updated their forecast to introduce FY2024 estimates. They have also lowered their cost of equity assumptions from 7.7% to 7.3%, reflecting a premium for LREIT' s potential inclusion into FTSE EPRA Nareit Index.  To that end, their target price for LREIT has increased to 95.6 cents, up from 89.1 cents previously.  " Against a backdrop of ongoing Covid-19 uncertainties, we expect LREIT to face rental pressures in FY2022 but we believe that annual rental escalations in c.60% of the mall' s NLA, the long lease structure of Sky Complex, and the 44,200 sq ft Grange Road redevelopment should cushion negative rental reversions for renewed leases," they say. Units in LREIT closed flat at 88.5 cents on August 13.

 

TP $1.05, so I think there is a good chance to hit $1.00 or maybe very close to $1
I took profits and sold all of mine at $0.88 though
 

leroy55      ( Date: 21-Aug-2021 15:16) Posted: Can go $1? coco66      ( Date: 21-Aug-2021 12:13) Posted: Promising  A lot of potential upside this reit

 

Can go $1?

coco66      ( Date: 21-Aug-2021 12:13) Posted: Promising  A lot of potential upside this reit    PhillipTan      ( Date: 16-Aug-2021 12:34) Posted: Lendlease moves into data centre space On Aug 16, Lendlease announced its first data centre development in Japan under Lendlease Data Centre Partners (LLDCP). The data centre development will be one of the largest of its scale in Japan, poised to fuel an increasingly important global digital economy. Located in Greater Tokyo, the facility is sited on approximately 33,000 sqm of land. The phased development is planned to deliver more than 60,000 sqm of gross floor area, in which close to half of the site has been pre-leased. Construction will commence later this year with the initial phase to be completed by early 2024. The gross development value of the project is in excess of A$800 million (US$600 million) upon completion of all phases. LLDCP is funded 20% by Lendlease and 80% a global institutional investor. The fund' s mandate covers Australia, China, Japan, Malaysia and Singapore, and includes both completed assets and new development opportunities. Under the partnership, Lendlease undertakes development, construction, property and investment management.

 

Promising 

A lot of potential upside this reit 


 

PhillipTan      ( Date: 16-Aug-2021 12:34) Posted: Lendlease moves into data centre space On Aug 16, Lendlease announced its first data centre development in Japan under Lendlease Data Centre Partners (LLDCP). The data centre development will be one of the largest of its scale in Japan, poised to fuel an increasingly important global digital economy. Located in Greater Tokyo, the facility is sited on approximately 33,000 sqm of land. The phased development is planned to deliver more than 60,000 sqm of gross floor area, in which close to half of the site has been pre-leased. Construction will commence later this year with the initial phase to be completed by early 2024. The gross development value of the project is in excess of A$800 million (US$600 million) upon completion of all phases. LLDCP is funded 20% by Lendlease and 80% a global institutional investor. The fund' s mandate covers Australia, China, Japan, Malaysia and Singapore, and includes both completed assets and new development opportunities. Under the partnership, Lendlease undertakes development, construction, property and investment management.

 

Lendlease moves into data centre space

On Aug 16, Lendlease announced its first data centre development in Japan under Lendlease Data Centre Partners (LLDCP). The data centre development will be one of the largest of its scale in Japan, poised to fuel an increasingly important global digital economy.

Located in Greater Tokyo, the facility is sited on approximately 33,000 sqm of land. The phased development is planned to deliver more than 60,000 sqm of gross floor area, in which close to half of the site has been pre-leased. Construction will commence later this year with the initial phase to be completed by early 2024. The gross development value of the project is in excess of A$800 million (US$600 million) upon completion of all phases.

LLDCP is funded 20% by Lendlease and 80% a global institutional investor. The fund' s mandate covers Australia, China, Japan, Malaysia and Singapore, and includes both completed assets and new development opportunities. Under the partnership, Lendlease undertakes development, construction, property and investment management.

 

 

CGS-CIMB ups TP for LREIT on potential Nareit Index inclusion

CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee are upbeat on Lendlease Global Commercial REIT (LREIT) after its 2HFY2021 ended June results came in line with expectations.-

The analysts highlight that LREIT' s stronger performance was mainly attributable to lower rental rebates provided to retail tenants at 313@Somerset, and a stronger euro against the Singapore dollar from the property at Sky Complex. Rental reversions have also improved q-o-q, albeit still in negative territory according to the manager.

Eing and Lock view that LREIT' s portfolio remains robots with a high occupancy of 99.8% in FY2021 with a long weighted average lease expiry of 8.8 years.

They also note that tenant sales and footfall improved 33.6% and 6.2% y-o-y to $81.5 million and 11.4 million respectively for the 2HFY2021. " We expect further relaxation of restrictions and higher vaccination rates to drive recovery across LREIT' s retail portfolio," they say.

" LREIT is well-capitalised with a gearing ratio of 32% and interest coverage ratio of 8.9 times, in our view," they add.

The analyts have updated their forecast to introduce FY2024 estimates. They have also lowered their cost of equity assumptions from 7.7% to 7.3%, reflecting a premium for LREIT' s potential inclusion into FTSE EPRA Nareit Index. 

To that end, their target price for LREIT has increased to 95.6 cents, up from 89.1 cents previously. 

" Against a backdrop of ongoing Covid-19 uncertainties, we expect LREIT to face rental pressures in FY2022 but we believe that annual rental escalations in c.60% of the mall' s NLA, the long lease structure of Sky Complex, and the 44,200 sq ft Grange Road redevelopment should cushion negative rental reversions for renewed leases," they say.

Units in LREIT closed flat at 88.5 cents on August 13.