Warburg Pincus & Lendlease Buy Singapore Assets for $ 1.2 bn

28 Aug 2024 CW Team

Warburg Pincus, a global private equity firm, and Lendlease, an Australian real estate group, announced the successful acquisition of property assets in Singapore through their joint venture. The transaction, valued at S$1.6 billion (approximately $1.2 billion), encompasses a portfolio that includes various business parks and specialised facilities. These properties are occupied by prominent life sciences companies, making this deal one of the most significant involving a private portfolio of industrial assets in Singapore.

According to the statement released, the acquired assets were purchased from entities linked to Blackstone, a major investment firm, and Lim Chap Huat, the executive chairman of Soilbuild Group. However, the statement did not provide further details regarding the specific entities or additional context surrounding the transaction.

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