Warburg Pincus and Lendlease to acquire the portfolio of assets in Singapore from Blackstone and Lim Chap Huat for $1.23bn.

Warburg Pincus, a private equity firm, and Lendlease, a provider of property and infrastructure solutions, agreed to acquire the portfolio of assets in Singapore from Blackstone, a multinational private equity firm, and Lim Chap Huat for $1.23bn. “We are delighted to be completing this landmark acquisition shortly after establishing the JV platform. The portfolio gives us immediate scale in the tightly held Singapore market, cementing our position as one of the top industrial asset owners in Singapore and reiterating our conviction in the life sciences and R&D sector,” Takashi Murata, Warburg Pincus Managing Director.