APG Lands 25% Stake in Lendlease Retirement Living Business

Posted on 10/18/2017


Dutch public institutional investor APG Asset Management N.V. has managed to outbid Singapore’s GIC Private Limited and China Investment Corporation to secure a 25% ownership in Lendlease’s A$ 1.7 billion (US$ 1.33 billion) portfolio of Australian retirement villages for a reported amount of A$ 470 million (US$ 368.7 million). Lendlease will take a net loss […]

Get News Stories Delivered to Your Inbox