She replaces Anthony Lombardo, who will become group chief executive officer (CEO) and managing director from June 1.
Lendlease Global Commercial Reit's managing director, Singapore and chief investment officer, Asia, Ng Hsueh Ling, will take on a new role as chairman at the real estate investment trust, according to an announcement on Tuesday.
Ng, who joined the firm in 2017, brings almost three decades of experience in the real estate sector, and has extensive fund management experience in the areas of real estate fund product creation, deal origination, distribution and structuring of real estate-based financial products.
She was previously the CEO and executive director of Keppel REIT Management for eight years, and was the CEO of Korea and Japan for Ascendas, and held senior positions at CapitaLand.
Growing Portfolio
Listed in 2019, LREIT’s diversified portfolio comprises a leasehold interest in one retail property located in Singapore and three freehold office properties located in Milan with a total appraised value of S$1.4 billion ($1.06 billion).
In October 2020, the LREIT acquired a stake in Jem, an integrated office and retail development in Singapore, through a 5 percent interest in Lendlease Asian Retail Investment Fund 3.
