The Singapore-listed Lendlease Global Commercial REIT (Lendlease REIT) has snapped up a 70% stake in Singapore’s $679 million Paya Lebar Quarter (PLQ) mall divested by the Abu Dhabi Investment Authority (ADIA).
The move, which will help expand its suburban retail portfolio in Singapore, will involve the acquisition of 70% of the total issued units in PLQM Trust, which holds an approximately 100% interest in the property, along with a share purchase agreement with ADIA.
Financial details of the sale have not been disclosed. Upon completion of the transaction, Lendlease REIT’s total asset value will increase to $3.9 billion Singapore dollars ($3 billion).
Lendlease REIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly owned subsidiary of Lendlease Corporation.
The UAE wealth fund has significant investments in Singapore. In August, ADIA announced plans to invest up to $1.5 billion in the country’s global investment manager GLP to support its expansion.
Riyadh, April 10, 2026, SPA — The ministers responsible for tourism in the Gulf Cooperation Council (GCC) states held an extraordinary meeting via videoconference on April 7, 2026, to monitor the latest developments in the region and review their potential implications for the tourism sector across the council states. The ministers of the GCC states reiterated their condemnation, in the strongest possible terms, of the unjustified and illegal Iranian aggressions that have deliberately targeted civilian infrastructure, including ports, airports, energy facilities, desalination plants, residential and commercial areas, and tourism facilitie