Lendlease Global Commercial REIT chairperson to step down

Justin Marco Gabbani is leaving Lendlease Group to pursue an external opportunity.

Justin Marco Gabbani will step down as chairperson and director of Lendlease Global Commercial Trust Management, the manager of Lendlease Global Commercial REIT.

His resignation will take effect on 30 June 2026.

Gabbani is stepping down as he is leaving Lendlease Group, the holding company of the manager, to pursue an external opportunity.

He also served as a non-independent non-executive director and a member of the Audit and Risk Committee.

Gabbani was appointed to his current role on 26 October 2021. The board said he played a significant role in guiding the strategic direction, governance, and growth of the manager and Lendlease Global Commercial REIT during his tenure.

The company said there are no unresolved differences in opinion on material matters between Gabbani and the board, including matters that would have a material impact on the group or its financial reporting.

It also said there are no other matters related to the cessation that need to be brought to shareholders’ attention.

Following his cessation, the Audit and Risk Committee will still have at least three members, and independent directors will continue to make up at least one-third of the board.

Gabbani holds 680,711 units or shares in the listed issuer and its subsidiaries, according to the announcement.

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