Andrew assumed his present position as Chairman Japan & Executive Director, Development Partnerships in July 2024 after 17 years as the Managing Director and CEO of the Lendlease business in Japan. During his tenure the business in Japan has seen… Read More>>
Warburg-Lendlease JV Buys $1.2B Singapore Portfolio From Blackstone, Soilbuild Boss
A recently launched joint venture of US fund manager Warburg Pincus and Australia’s Lendlease has acquired a S$1.6 billion ($1.2 billion) portfolio of Singapore business parks and R&D facilities from entities linked to private equity giant Blackstone and Soilbuild Group… Read More>>
Lendlease, Scape Secure Final Approval for $1.2B Melbourne Redevelopment Project
ASX-listed construction giant Lendlease and Australia’s largest owner-operator of student housing, Scape, have received final approval for their A$1.7 billion ($1.2 billion) transformation of Queen Victoria Market in central Melbourne.
The mixed-use project, featuring 1,100 beds for university students and… Read More>>
Lendlease Loss Widens to $1B on Write-Downs Tied to Business Rejig
Lendlease reported a loss of A$1.5 billion ($1 billion) for the fiscal year to June, ballooning from a year-earlier deficit of A$232 million, as the Australian real estate group booked write-downs related to an ongoing business overhaul.
ASX-listed Lendlease recognised… Read More>>
Warburg Pincus, Lendlease Reach Final Closing of APAC Life Sciences JV
US private equity giant Warburg Pincus and Australian real estate group Lendlease have achieved the final closing of their Asia Pacific life sciences joint venture, with the companies aiming to grow the partnership into a multi-billion-dollar platform.
The Singapore-based JV… Read More>>
Lendlease Taps Mitsubishi Estate for $337M Sydney Project and More Real Estate Headlines
Lendlease teams up with Mitsubishi Estate to buy a residential site in Sydney for a new $337 million project, with that story leading Mingtiandi’s headline roundup today. Also making the news, a Singapore tycoon sells a $43 million bungalow and… Read More>>
Lendlease Continues Global Retreat With $320M Sale of US Military Housing Business
Lendlease has agreed to sell its US military housing business to American investment firm Guggenheim Partners for A$480 million ($320 million), as the Australian developer carries out a plan to scale back overseas activity and focus on domestic operations.
The… Read More>>
Lendlease Backs World’s Tallest Timber Tower in Sydney and More Asia Real Estate Headlines
Australian builder Lendlease is backing the development of the world’s tallest timber tower in downtown Sydney, with that story leading Mingtiandi’s headline roundup today. Also making the news, a development project is set to transform Tokyo’s bustling Roppongi area and… Read More>>
KKR, SingTel Eye $1B Stake in Singapore’s STT GDC and More Asia Real Estate Headlines
US private equity major KKR and Singapore Telecommunications are reportedly seeking to buy a $1 billion stake in ST Telemedia Global Data Centres, with that story leading Mingtiandi’s headline roundup today. Also in the news, Lendlease agrees to sell its… Read More>>
Australia’s Lendlease to Sell Overseas Construction Business in $3B Disposal Plan
Australian developer Lendlease Group plans to sell its overseas construction business to focus on operations at home as part of a business overhaul that the company says could free up as much as A$4.5 billion ($3 billion) of capital.
The… Read More>>
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