Warburg Pincus-Lendlease JV buys Singapore property assets for $1.2b

Warburg Pincus-Lendlease JV buys Singapore property assets for $1.2b

Construction workers lean on a fence adorned with a sign for the construction company Lendlease at a construction site in central Sydney, Australia, June 1, 2016. REUTERS/David Gray/File Photo

Warburg Pincus and Australian real estate group Lendlease said on Tuesday their joint venture has acquired property assets in Singapore for S$1.6 billion ($1.2 billion).