- Total News Sources
- 2
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- 1
- Center
- 1
- Right
- 0
- Unrated
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- Last Updated
- 75 days ago
- Bias Distribution
- 50% Center
Warburg Pincus and Lendlease Acquire Singapore Assets
Warburg Pincus, in partnership with Lendlease, has completed a significant acquisition of real estate assets in Singapore for approximately S$1.6 billion ($1.2 billion), marking it as the largest private industrial real estate deal in the city-state this year. This transaction involves a portfolio totaling 4.5 million square feet, encompassing business parks and specialized facilities leased to companies in sectors such as life sciences and advanced manufacturing. The joint venture was established to focus on life sciences and R&D real estate in the Asia Pacific, and this acquisition solidifies their presence in the competitive Singapore market. The properties were previously owned by Blackstone and Lim Chap Huat, executive chairman of Soilbuild Group. With this deal, the joint venture's assets under management will exceed S$2 billion, positioning Warburg Pincus as a leading industrial asset owner in Singapore. Takashi Murata of Warburg Pincus expressed confidence in the portfolio's potential within the tightly held market.
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 75 days ago
- Bias Distribution
- 50% Center
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