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
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Kalpana Rashiwala
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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.
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