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 […]
- APG
- Australia
- China Investment Corporation
- Europe
- Government of Singapore Investment Corporation
- Lendlease
- Netherlands
- real assets
- Real Estate
- senior housing
