The joint venture platform jointly established by Warburg Pincus and Lendlease has, together with its managed investment vehicle LINO, acquired a S$1.6 billion (US$1.2 billion) portfolio of assets in Singapore from entities associated with Blackstone and Lim Chap Huat, executive chairman of Soilbuild Group Holdings. This represents one of the largest transactions of a private portfolio of industrial assets in Singapore, according to the release.

The acquisition marks the first transaction for the JV platform since it launched in July 2024 to focus on life sciences and R&D real estate in Asia Pacific. With a total gross floor area of 4.5 million square feet (418,064 square metres), the portfolio comprises high-quality business parks and specialist facilities situated within established designated precincts across Singapore, tenanted to blue-chip companies across life sciences, technology, advanced manufacturing and logistics.

The transaction brings the life sciences