Lend Lease
(ASX:LLC) has joined with a global investment partner to purchase a large urban regenerate site in Singapore.
In a venture that gives Lend Lease a 30 per cent cut of profits, the entity will pay $1.6 billion for the mixed use site which will be developed into office, retail and apartments.
The investment partner has not been named at this time.
Lend Lease made a net profit of $313 million for the first half of the 2015 financial year.
