Lendlease sells half stake in Asia Pacific life sciences platform to Warburg Pincus for $147M, focusing on restoring company value.

Property giant Lendlease sells half stake in Asia Pacific life sciences platform to private equity firm Warburg Pincus for $147 million. The move comes as shareholders demand Lendlease to focus on restoring the company's value by pulling back from offshore activities and simplifying its business ahead of a showdown with investors. Lendlease's CEO Tony Lombardo will outline plans to simplify operations on May 27.