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Abu Dhabi SWF in 70:30 JV with Lend Lease for Paya Lebar site

Project will be one of the biggest investments in Singapore for Abu Dhabi Investment Authority

Kalpana Rashiwala

Published Wed, Apr 1, 2015 · 09:50 PM

Singapore

ABU Dhabi Investment Authority (ADIA) has confirmed it has a 70 per cent stake in a joint venture with Lend Lease that has been awarded the Paya Lebar Central mixed-development site for S$1.67 billion.

A spokesman for the sovereign wealth fund (SWF) on Wednesday evening confirmed this in an email response to queries from The Business Times.

On Wednesday morning, Lend Lease in an announcement to the Australian Securities Exchange said the group, "in joint venture with one of its major global investment partners" was the highest …

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