Lendlease and joint venture partner Warburg Pincus have acquired a $S1.6 billion ($1.8 billion) portfolio of life sciences and research facilities in a move that helps Lendlease show investors it is boosting investment in alternative assets.
The joint venture that ASX-listed Lendlease and growth investor Warburg Pincus launched in July acquired the 4.5-million square-foot (418,063 square metre) portfolio from entities associated with Blackstone and property company Soilbuild Group Holdings executive chairman Lim Chap Huat.
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