Lendlease launches Japan modernisation partnership with PGGM

Lendlease has announced the establishment of the Lendlease Japan Modernisation Partnership (LLJMP) with PGGM to pursue a Japan value-add strategy focused on modernising logistics and office assets.

• The partnership has investment capacity up to JPY120 billion (~A$1.1 billion or ~€660 million) and will target well-located logistics and office assets in Greater Tokyo and Greater Osaka.
• Lendlease will hold a 5% minority co-investment; the strategy may include large-scale renovations, asset conversions, extensions and expansions. The release was issued from Singapore on 17 July 2026 and also notes Lendlease’s growing data center activities in Japan.