**Bart Price Appointed CEO of Lendlease-Warburg Pincus Life Sciences Joint Venture**

Singapore, January 2, 2025 – Warburg Pincus and Lendlease have announced the appointment of Bart Price as Chief Executive Officer (CEO) of their life sciences, R&D, and innovation real estate joint venture, effective immediately. The joint venture, established in July 2024, manages S$2 billion in assets and aims to leverage opportunities in the Asia Pacific (APAC) life sciences sector.

Based in Singapore, Price will lead the platform's strategic growth initiatives, focusing on scaling operations and maximizing returns for investors. He brings over 20 years of experience in real estate and infrastructure investments across APAC, having previously served as Head of Growth Markets Real Assets at the Abu Dhabi Investment Council (ADIC) and Senior Vice President for Real Estate Investments at GIC.

The joint venture is recognized as a leading platform in the APAC life sciences sector, having acquired a S$1.6 billion portfolio of assets in Singapore in August 2024. This acquisition is noted as one of the largest private transactions for industrial assets in the country. The platform combines a high-barrier life sciences project management business with a specialized investment management arm, supported by institutional investors.

Price expressed enthusiasm about his new role, highlighting the platform's strong relationships and capabilities in the life sciences sector. He noted the significant momentum in the APAC life sciences and R&D industry, driven by demographic changes, increasing healthcare demand, and government support. Price aims to capitalize on these trends to deliver substantial returns for investors.

Justin Gabbani, CEO of Investment Management at Lendlease, welcomed Price, emphasizing his extensive experience in real estate transactions valued over US$20 billion across various markets. Gabbani believes Price's expertise will be crucial for scaling the business.

Takashi Murata, Managing Director at Warburg Pincus, also expressed excitement about Price's leadership, stating that his strategic vision will be vital for advancing the joint venture's growth and delivering value to stakeholders.

Lendlease is a prominent Australian integrated real estate group, while Warburg Pincus is a pioneer in global growth investing, managing over $86 billion in assets. Together, they aim to establish a leading real estate platform focused on life sciences, R&D, and innovation in the Asia Pacific region.