Bart Price was appointed as chief executive of a real estate investment platform formed as a joint venture by Lendlease and Warburg Pincus, according to a news release.
The platform, with S$2 billion ($1.5 billion) of assets under management, aims to capitalize on opportunities in Asia-Pacific’s life sciences, research and development, and innovation sectors.
Price, who is based in Singapore, will oversee the platform’s strategic growth plans, identifying opportunities to further scale the platform and generate returns for its investment partners.
“The Asia-Pacific life sciences and R&D industry is gaining significant momentum, underpinned by multiple tailwinds such as demographic shifts, increasing healthcare demand, growing wealth, supply chain realignment and strong government support driving robust demand for facilities,” Price said in the release. “I believe there are tremendous opportunities to grow the platform and deliver outsized returns to investors.”
Price was head of growth markets real assets at the Abu Dhabi Investment Council, where he oversaw Asia Pacific real estate and Asia Pacific and Latin American infrastructure. The ADIC, a sovereign wealth fund that is wholly owned by Mubadala Investment Co., Abu Dhabi, has been contacted regarding his replacement. Mubadala has $330 billion in assets.
Lendlease, an Australian integrated real estate group, entered into the joint venture partnership with private equity firm Warburg Pincus in July. Warburg Pincus had $86 billion in assets under management as of Jan. 1.
The platform, alongside its managed investment vehicle LINO, acquired a S$1.6 billion portfolio of assets in Singapore in August.
Price replaces Justin Gabbani, who had served as interim CEO of the JV platform after its creation in 2024.
