Bart Price Takes Helm as CEO of Lendlease-Warburg Joint Venture
Deal News | Jan 02, 2025 | Warburg Pincus
Warburg Pincus and Lendlease have appointed Bart Price as the CEO of their joint venture focused on life sciences, R&D, and innovation real estate within the Asia Pacific market. This JV, which manages S$2 billion in assets, is aiming to capitalize on the booming life sciences sector in the region. Price, an industry veteran with over 20 years of experience, previously held senior roles at the Abu Dhabi Investment Council and GIC. The joint venture was established in mid-2024 and is positioned as the leading real estate platform for life sciences in APAC. With a significant portfolio in Singapore, the platform is poised to leverage demographic and economic trends to deliver robust returns for investors.
Sectors
- Life Sciences
- Real Estate
- Private Equity
- Investment Management
Geography
- Asia Pacific – The joint venture and its activities are focused within the Asia Pacific region.
- Singapore – Singapore is a key location for the joint venture, with a significant portion of its asset portfolio based there.
Industry
- Life Sciences – The article focuses on a joint venture investment in the life sciences sector, involving research and development facilities.
- Real Estate – The JV is a real estate platform geared towards life sciences and innovation, focusing on property management and development.
- Private Equity – Warburg Pincus, a private equity firm, is one of the principal entities involved in the joint venture.
- Investment Management – The joint venture involves significant investment management components, aiming for high returns on their real estate assets.
Financials
- S$2 billion – Assets under management by the Warburg Pincus and Lendlease joint venture platform.
- S$1.6 billion – Value of the portfolio of assets acquired in Singapore by the joint venture in August 2024.
- US$20 billion – Cumulative value of real asset transactions led by Bart Price across multiple markets in the Asia Pacific.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bart Price | Chief Executive Officer | People | Bart Price has been appointed as the CEO of the Lendlease-Warburg Pincus joint venture, bringing extensive experience in real estate and infrastructure investments. |
| Warburg Pincus | Private Equity Firm | Companies | Warburg Pincus is a global growth investing firm with significant assets under management, a principal participant in the JV. |
| Lendlease | Real Estate Group | Companies | Lendlease is an Australian integrated real estate company engaged in the JV, bringing its expertise in investments, development, and construction. |
| Abu Dhabi Investment Council (ADIC) | Former Employer | Companies | Bart Price previously worked at ADIC overseeing real estate and infrastructure investments in Asia Pacific and Latin America. |
| GIC | Former Employer | Companies | Singapore's sovereign wealth fund where Bart Price managed real estate investments in Asia Pacific. |
| LINO | Managed Investment Vehicle | Companies | LINO is an investment vehicle associated with the joint venture, involved in the acquisition of assets. |