Singapore, 17 July 2026 – Lendlease today announced the establishment of the Lendlease Japan Modernisation Partnership (LLJMP), a new investment partnership with Dutch pension fund manager PGGM to pursue a Japan value-add strategy focused on modernising logistics and office assets in key Japanese cities.

The partnership has an investment capacity of up to JPY120 billion (~A$1.1 billion or ~€660 million) and will focus on acquiring well-located logistics and office assets in Japan, with an initial emphasis on the Greater Tokyo and Greater Osaka regions. The partnership will focus on assets that can be upgraded and repositioned to better meet changing tenant and customer needs. Lendlease will hold a minority co-investment of…