Warburg Pincus & Lendlease Buy Singapore Assets for $ 1.2 bn

28 Aug 2024 CW Team

Warburg Pincus, a global private equity firm, and Lendlease, an Australian real estate group, announced the successful acquisition of property assets in Singapore through their joint venture. The transaction, valued at S$1.6 billion (approximately $1.2 billion), encompasses a portfolio that includes various business parks and specialised facilities. These properties are occupied by prominent life sciences companies, making this deal one of the most significant involving a private portfolio of industrial assets in Singapore.

According to the statement released, the acquired assets were purchased from entities linked to Blackstone, a major investment firm, and Lim Chap Huat, the executive chairman of Soilbuild Group. However, the statement did not provide further details regarding the specific entities or additional context surrounding the transaction.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

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Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

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KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..