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Specialised property draws private money

Joan Ng

Joan Ng

Published Mon, Sep 2, 2024 · 07:00 AM
    • Even as the property market recovers, it’s possible that action will cluster in parts of the industry perceived to have the greatest potential for growth, writes BT senior correspondent Joan Ng.
    • Even as the property market recovers, it’s possible that action will cluster in parts of the industry perceived to have the greatest potential for growth, writes BT senior correspondent Joan Ng. BT SCREENSHOT

    In this issue:

    • Warburg Pincus and Lendlease win bid for life science real estate
    • SeaTown raises over US$1.3 billion for second private credit fund

    Greetings dear reader,

    Asset manager Warburg Pincus and real estate group Lendlease last week announced the first acquisition for their jointly owned property platform, shelling out S$1.6 billion to buy a portfolio of assets in Singapore from entities associated with alternative assets manager Blackstone and Singapore businessman Lim Chap Huat.

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