The joint venture (JV) platform between Warburg Pincus and Lendlease has announced the acquisition of a portfolio of assets worth approximately S$1.6 billion in Singapore. This acquisition, executed through their managed investment vehicle LINO, includes high-quality business parks and specialist facilities spread over a gross floor area of 4.5 million square feet. Acquired from entities associated with Blackstone and Mr. Lim Chap Huat, Executive Chairman of Soilbuild Group Holdings Ltd, the portfolio consists of properties tenanted by blue-chip companies in the life sciences, technology, advanced manufacturing, and logistics sectors. This transaction is the first for the JV platform, which was launched on 31 July 2024, focusing on life sciences and R&D real estate in the Asia-Pacific region. Following this acquisition, the JV platform now manages over S$2 billion worth of assets, further cementing its market-leading position in the sector. Takashi Murata from Warburg Pincus and Justin Gabbani from Lendlease expressed strong optimism about the acquisition, highlighting its alignment with their strategies and commitment to expanding in the rapidly growing real estate sector in Asia-Pacific.
Private Equity, Real Estate, Life Sciences,Singapore, Asia-Pacific
Warburg Pincus-Lendlease JV platform acquires ~S$1.6b portfolio of assets in Singapore