PHOTO: BT FILE[SINGAPORE] Soilbuild Group executive chairman Lim Chap Huat is suing Brookfield Asset Management over alleged breaches of contract and confidentiality linked to a proposed joint venture to acquire industrial properties in Singapore, The Wall Street Journal reported. The dispute relates to Brookfield’s 2025 acquisition of three Singapore properties from Mapletree Industrial Trust for S$535.3 million. According to the lawsuit, Brookfield approached Soilbuild in December 2024 with a proposal to “work together on a bid to buy commercial assets from Mapletree”. Soilbuild alleges that the two parties subsequently drafted a memorandum of understanding (MOU) on how their proposed joint venture would operate. It also claims that Soilbuild carried out substantial due diligence for the proposed acquisition at Brookfield’s request.