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.
Sakaka, January 8, 2026, SPA — The examination and quality committee at the food safety laboratory, affiliated with Al-Jouf Municipality, announced the completion of more than 4,500 precise tests on olive and oil samples participating in the 19th annual Al-Jouf International Olive Festival. The step aims to ensure that all displayed products comply with Saudi and international standards and specifications, providing safe and healthy products for festival visitors, as the festival represents the largest platform for olive producers in the Kingdom. The tests conducted by specialized technical teams included measuring acidity and rancidit