Property investment: Lendlease- Warburg Pincus joint venture buys $1.8b of life sciences assets in Singapore

have acquired a $S1.6 billion portfolio of life sciences and research facilities in a move that helps Lendlease show investors it is boosting investment in alternative assets.

Sold: The two-tower Solaris business park development at 1 Fusionopolis Walk in Singapore is one asset acquired in the $1.8 billion portfolio by the Lendlease-Warburg Pincus joint venture. “The platform is well-positioned to capture opportunities in the sector. We look forward to building momentum and further scaling the business, as well as driving performance for our investment partners.”Key part of strategyin which the company held a 15 per cent stake – is a key part of the strategy Lendlease boss Tony Lombardo reinforced last week.

But it needs investors to believe it is on the right track. The company’s earnings before interest, taxes, depreciation, and amortisation from investment in FY24 nearly halved from a year earlier to $174 million. Excluding the previous year’s gain from the sale of its military housing business, the decline was 9.8 per cent.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lendlease’s calm after storm, plus Ampol, Westpac, Iress in Monday’s earnings season highlightsA few months is a long time for a CEO – just ask Lendlease, Suncorp or Ampol, businesses changing rapidly. Here is Chanticleer’s take on the day’s earnings calls.
Source: FinancialReview - 🏆 2. / 90 Read more »

Top real estate website boss attributes huge gains to ‘incredibly strong’ property marketREA Group CEO Owen Wilson has hailed in a stunning stock market result and attributed the company's financial goldrush to the 'very healthy' Australian real estate landscape.
Source: SkyNewsAust - 🏆 7. / 78 Read more »