Lend Lease and Big SWF Win Bid for Singapore Redevelopment

Property and development giant Lend Lease is expanding its presence in Singapore in which the company’s CEO Steve McCann views as a key growth market for large-scale urban regeneration projects. Lend Lease and its sovereign wealth fund partner are acquiring a land parcel Paya Lebar Central development site in Singapore for S$ 1.6 billion. However, the deal is subject to final approval by the Singapore government. The tender for the site was conducted by Singapore’s Urban Redevelopment Authority.

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