Added Lendlease Reit to the Strategic Section of the Investment Portfolio. The 2nd after CapitaR China Trust after a full divestment in December 2019.
Lendlease Reit was listed in SGX on October 2019 so in term of history, nothing much to talk about. It only has currently 2 assets, 313@Somerset in Singapore and Sky Complex in Milan. In term of financial history also nothing much to talk about. This is the reason why it was placed into the Strategic Section. Another reason is in the Non-Strategic Section, I already have 2 of the biggest retail reit in Singapore -- CapitaMall Trust and Frasers Cpt Trust, so adding a 3rd (well it might not consider a full retail reit) doesn't do much to diversification.
I would put it as due to "opportunity" reason for the decision to make it into my Investment Portfolio. The Strategic Section of the Investment is aim at either a total $0 cost or very very low cost investment. Thus, this has allowed me to provide some margin of safety against having not much historical statistic about the company. To certain extend, I do know about 313@Somerset so it is not totally an unknown to me.
Like CapitaR China Trust, it started at $0 cost so is considered a good start. Now, the focus is on speed of accumulation and at the same time maintaining $0 cost. The target for accumulation shall follow that of CapitaR China Trust.
Lendlease Reit was listed in SGX on October 2019 so in term of history, nothing much to talk about. It only has currently 2 assets, 313@Somerset in Singapore and Sky Complex in Milan. In term of financial history also nothing much to talk about. This is the reason why it was placed into the Strategic Section. Another reason is in the Non-Strategic Section, I already have 2 of the biggest retail reit in Singapore -- CapitaMall Trust and Frasers Cpt Trust, so adding a 3rd (well it might not consider a full retail reit) doesn't do much to diversification.
I would put it as due to "opportunity" reason for the decision to make it into my Investment Portfolio. The Strategic Section of the Investment is aim at either a total $0 cost or very very low cost investment. Thus, this has allowed me to provide some margin of safety against having not much historical statistic about the company. To certain extend, I do know about 313@Somerset so it is not totally an unknown to me.
Like CapitaR China Trust, it started at $0 cost so is considered a good start. Now, the focus is on speed of accumulation and at the same time maintaining $0 cost. The target for accumulation shall follow that of CapitaR China Trust.
