Lendlease enters joint venture with Warburg Pincus in Asia

Business News Australia05-17

Australian development giant Lendlease (ASX: LLC) has announced today it has entered into a 50/50 joint venture with US private equity firm Warburg Pincus to establish a new life sciences real estate ...

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In late 2023, the company also offloaded more than $1 billion of its communities’ projects to Stockland (ASX: SGP) and Thai multinational Supalai.In the update to investors, Lendlease said it maintains its FY24 guidance of seven per cent return on equity. It is noted that achieving this return remains conditional on the execution of a number of transactions, including this transaction and the previously announced sale of 12 communities’ projects.The sale remains subject to regulatory approvals and other conditions precedent.Help us deliver quality journalism to you.As a free and independent news site providing daily updates\r\n                  during a period of unprecedented challenges for businesses everywherewe call on your supportSupport Us","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.5","shortVersion":"4.22.5","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2436565139"}