The life sciences and R&D joint venture platform formed by global private equity firm Warburg Pincus and Australia-listed Lendlease Group has unveiled its official name and brand identity as Vita Partners.
In a Feb 10 press release, Bart Price, CEO of Vita Partners, says the name “Vita”, which means “life” in Latin, was chosen to reflect the firm’s core business of “creating and supporting opportunities that enhance lives”.
The 50:50 joint venture was established by Warburg Pincus and Lendlease last July. Headquartered in Singapore, the new platform focuses on developing, constructing, managing and investing in real estate projects in the life sciences and R&D real estate markets in Asia Pacific.
In August 2024, the joint venture platform, together with its management investment vehicle Lino, acquired a $1.6 billion portfolio of assets in Singapore from Soilbuild Business Space REIT, which is controlled by Blackstone and Lim Chap Huat, executive chairman of Soilbuild Group.
Read also: Warburg Pincus-Lendlease JV platform acquires $1.6 bil portfolio of assets in Singapore
Price was appointed as the joint venture’s CEO in January. He was previously head of growth markets real assets at the Abu Dhabi Investment Council (ADIC), where he oversaw Asia Pacific real estate and Asia Pacific and Latin American infrastructure. Prior to joining ADIC, he held the position of senior vice president for real estate investments covering Asia Pacific at GIC for six years.
According to Vita Partners, it currently has over $2 billion of assets under management, comprising R&D and innovation facilities, logistics, laboratories, manufacturing and business parks across key Asia-Pacific markets. It is staffed by a team of over 240 professionals.
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