Lendlease Sub-Regional Retail Fund
Established in 2015, Lendlease Sub-Regional Retail (LLSRF) is an open-ended unlisted wholesale property fund that invests in sub-regional shopping centre assets.
The Fund seeks to maximise returns to investors through the long-term ownership, development and repositioning of quality, diversified, sustainable and predominantly core sub-regional real estate assets.
The Fund currently owns five retail shopping centres in New South Wales and Western Australia. LLSRF leverages Lendlease’s integrated end-to-end business model, providing asset management, development, construction and project management expertise.
Responsible Property InvestmentLLSRF has a vision to deliver effective people focussed and resource efﬁcient sustainability solutions across the portfolio. It acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with Lendlease’s key sustainability objectives.
The Fund has had a Responsible Property Investment strategy in place since 2010.
Global Real Estate Sustainability Benchmark (GRESB)
LLSRF (formerly Lendlease Real Estate Partners 3) has participated in the GRESB survey since 2011*. In 2015, the Fund was recognised as the second ranked retail fund across 11 retail specific participating funds.
|Management & Policy||64%||92%||98%||+6%|
|Implementation & Measurement||12%||68%||75%||+7%|
|All GRESB participants||163 of 339||43 of 637||50 of 707||-7 places|
|Global, retail||42 of 67||-||15 of 123||-|
|Oceania, retail||5 of 13||2 of 13||+3 places|
|*Participated as Lendlease Real Estate Partners 3|