+
Warburg Pincus & Lendlease Buy Singapore Assets for $ 1.2 bn
Real Estate

Warburg Pincus & Lendlease Buy Singapore Assets for $ 1.2 bn

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.

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.

Next Story
Infrastructure Energy

L&T to Build India’s Largest Green Hydrogen Plant for IOCL

The plant will be developed on a build-own-operate (BOO) model and will supply 10,000 tonnes of green hydrogen annually to IOCL for a period of 25 years. It will operate entirely on renewable energy, aligning with IOCL’s decarbonisation goals and India’s broader net-zero ambitions.Green hydrogen at the plant will be produced using high-pressure alkaline electrolysers manufactured at L&T Electrolysers Ltd’s facility in Hazira, Gujarat. This initiative further showcases L&T’s commitment to localised, self-reliant clean-tech solutions under the Aatmanirbhar Bharat mission.LTEG’s..

Next Story
Infrastructure Urban

Bansal Wire Q1 Profit Rises 24.6% to Rs 393 Mn

Bansal Wire Industries, India’s largest stainless steel wire manufacturer and second-largest steel wire maker by volume, reported a 24.6 per cent year-on-year rise in net profit to Rs 393 million for the quarter ended June 30, 2025 (Q1 FY26).During the quarter, revenue rose 14.9 per cent YoY to Rs 9,390 million, while EBITDA increased by 19.6 per cent YoY to Rs 745 million, reflecting the company's strong operational performance and focus on value-added segments.According to Pranav Bansal, MD & CEO of Bansal Wire Industries, the company has started FY26 on a strong note, building on the ..

Next Story
Infrastructure Urban

Lemon Tree Opens Keys Lite Hotel in Banswara, Rajasthan

Lemon Tree Hotels has launched its latest property, Keys Lite by Lemon Tree Hotels, Banswara, further expanding its footprint in Rajasthan. This marks the group’s 11th operational hotel in the state and continues its focus on providing quality stays in emerging travel destinations.The newly launched managed hotel features 54 well-appointed rooms, a multi-cuisine restaurant – Keys Café, a fitness centre, and spacious banquet and conference facilities, catering to both leisure and business travellers.Located in southern Rajasthan, Banswara is known as the “City of Hundred Islands” for t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?