(i) Provide Unitholders with regular and stable distributions
(ii) Achieve long-term growth in distribution per unit and Net Asset Value per unit
(iii) Maintain an appropriate capital structure
1 “A stabilised income-producing real estate asset” means a real estate asset which meets the following criteria as at the date of the proposed offer: (i) achieved a minimum occupancy of at least 80%; (ii) achieved an average rental rate comparable to the market rental rate for similar assets as determined by the valuer commissioned for the latest valuation of the relevant asset; (iii) (if the asset is being acquiredrom the Lendlease Group) LREIT being satisfied that there are no material asset enhancement initiatives required within two years of the acquisition of such asset; and (iv) is suitable for acquisition by LREIT taking into account market conditions at the time of the proposed offer.
2 Includes the development of the multifunctional event space, adjacent to [email protected], which will be connected seamlessly to the Discovery Walk that links to [email protected] The valuation of the event space was S$5.5 million as at 30 June 2021.