The JV platform, with S$2 billion of assets under management, aims to capitalize on the attractive opportunities in APAC’s life sciences, R&D and innovation sector
Singapore, January 2, 2025 – Warburg Pincus and Lendlease are pleased to announce the appointment of Bart Price as Chief Executive Officer (CEO) of their life sciences, R&D and innovation real estate joint venture platform, effective immediately. Bart, who is based in Singapore, will oversee the platform’s strategic growth plans, identifying opportunities to further scale the platform and generate outsized returns for its investment partners.
Bart brings with him extensive experience and wide-spanning industry relationships, built over his two decades of career experience in real estate / infrastructure investments and capital markets across multiple markets in Asia Pacific. Prior to this appointment, Bart was most recently Head of Growth Markets Real Assets at the Abu Dhabi Investment Council (ADIC), where he oversaw Asia Pacific real estate and Asia Pacific / Latin American infrastructure. Prior to joining ADIC, he held the position of Senior Vice President for Real Estate Investments covering Asia Pacific at GIC for six years.
Established in July 2024, the joint venture between Warburg Pincus, a pioneer of global growth investing, and Lendlease, a market-leading Australian integrated real estate group, is the industry-leading life sciences, R&D and innovation real estate platform in the Asia Pacific with over S$2 billion of assets under management. The platform, alongside its managed investment vehicle LINO, acquired a ~S$1.6b portfolio of assets in Singapore in August 2024, marking one of the largest private portfolio transactions for industrial assets in the country.
As the largest pan Asia Pacific pure-play real estate investment platform for life sciences, R&D and innovation, the platform is well-positioned to capture the strong growth of the sector in the region. It combines a high barrier-to-entry life sciences project and construction management business, with a specialized investment management business backed by sophisticated institutional investors. Leveraging the proven track records and extensive network of resources and relationships of both Warburg Pincus and Lendlease, the platform is committed to generating high-performance returns for its investors.
Bart Price, CEO of the life sciences, R&D and innovation real estate joint venture said,“It is a privilege to be appointed as CEO of Asia Pacific’s industry-leading life sciences, R&D and innovation real estate platform. The platform has deep relationships and a differentiated capability in the sector, with the platform (through its prior history within Lendlease) having worked on more than 200 projects for over 100 life sciences and pharmaceutical companies over the past 20 years. In addition, the platform’s investment management business has delivered strong returns for its investors.
“The Asia Pacific life sciences and R&D industry is gaining significant momentum, underpinned by multiple tailwinds such as demographic shifts, increasing healthcare demand, growing wealth, supply chain realignment and strong government support driving robust demand for facilities. I believe there are tremendous opportunities to grow the platform and deliver outsized returns to investors. I look forward to working with the team to execute on our strategy, as we build on the solid foundation established by Lendlease and Warburg Pincus.”
Justin Gabbani, CEO, Investment Management, Lendlease said,“I am pleased to welcome Bart as CEO, following a comprehensive search. Bart has over 20 years of experience and leadership in real estate, having led real asset transactions valued at more than US$20b across multiple markets in Asia Pacific and across multiple formats. His expertise in the region and deep understanding of real estate are invaluable as we look to build momentum and further scale the business.”
Takashi Murata, Managing Director, Co-Head of Asia Real Estate and Head of Japan at Warburg Pincus said,”We are excited to have Bart to spearhead our joint venture with Lendlease. Bart’s wealth of experience and proven track record in the industry, make him the ideal leader to drive the joint venture’s growth. His strategic vision and leadership will be instrumental in advancing our commitment to building a leading real estate platform in Asia Pacific to focus on life sciences, R&D and innovation, and delivering exceptional value to our stakeholders. We look forward to a successful partnership ahead.”
About Lendlease
Lendlease is a market-leading Australian integrated real estate group. Headquartered in Sydney, we are listed on the Australian Securities Exchange. Our core capabilities are reflected in our operating segments of Investments, Development and Construction. The combination of these three segments provides us with a sustainable competitive advantage in delivering innovative integrated solutions for our customers. For more information, please visit: www.lendlease.com
About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.
