Retail property investment sales jump five-fold to $0.6b in Q3

The surge was bolstered by two mega deals worth over $100m a piece.

Retail property investment sales jumped five-fold in the third quarter, registering around $0.6b worth of deals.

The surge was bolstered by two mega deals worth over $100m a piece.

These deals were Lendlease Global Commercial REIT's acquisition of 31.8% stake in Jem mall for $337m and the sale of Le Quest Mall to Firmus Capital for #139m.

Cushman & Wakefield said suburban malls like Le Quest which can offer delivery and click-and-collect services are "still on the radar of investors."

"Amid the challenging retail scene due to the pandemic and e-commerce boom, investors can keep a lookout for short-term repricing opportunities in retail assets especially those in the CBD (central business district)," Shaun Poh, Executive Director and Head of Capital Markets at Cushman & Wakefield, said.

Follow the link for more news on

Cushman & Wakefield

Retail investment sales

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia