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Lendlease establishes $1 bil partnership with PGGM

Felicia Tan
Felicia Tan6/20/2022 01:51 PM GMT+08  • 3 min read
Lendlease establishes $1 bil partnership with PGGM
Minato Mirai. Photo: Lendlease
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Lendlease, on June 20, announced that it has entered into a partnership with Dutch pension fund manager PGGM to create the Lendlease Innovation Limited Partnership.

The $1 billion partnership will invest in real estate assets in the innovation and life science space with a focus on Australia, Japan and Singapore.

Under the partnership, PGGM will hold an 85% stake while Lendlease will hold the remaining 15%.

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