Retail in Asia

In Sectors

Australia’s Lend Lease snares Singapore site

Australian developer Lend Lease says it’s the highest bidder for a prime Singapore development site, in what the company’s boss describes as "an important strategic transaction".

The Jurong Gateway site offers 108,000 square metres of development space, including a regional shopping centre and a commercial tower, Lend Lease said in a statement last week.

Lend Lease said the development "is in line with the Group’s strategy and represents a significant opportunity for Lend Lease to grow its retail platform in Singapore".