Ivanhoé Cambridge Partners with Lendlease to Invest in Life Science Developments

Ivanhoé Cambridge, a global real estate investor, and Lendlease (ASX: LLC), a leading global real estate and investment group, announced today they joined forces to launch a new life science joint venture that will deliver state-of-the-art labs, offices and manufacturing spaces in high-growth life science clusters across the U.S. Leveraging  the success of their partnership to develop 60 Guest Street in Boston, Lendlease and Ivanhoé Cambridge plan to invest an initial $500 million of equity with aspirations to grow the portfolio through additional equity investments over time.

For more details, read the complete news release on Ivanhoé Cambridge's website.