Global PORTFOLIO

Asian Portfolio

Integrated Capability

Our strong investment management capability complements the world class product creation capability of the broader Lendlease Group, allowing us to deliver a range of global real estate products and solutions tailored to the needs of institutional investors. We use Lendlease’s asset management, development management, research, capital transactions, project management and construction skills, which give us a competitive advantage in creating, managing and accessing product.

Asian Retail Investment Fund
Asian Retail Investment Fund (ARIF) was incorporated in 2007 as a develop and hold, unlisted wholesale property fund. The Fund offers institutional investors the opportunity to participate with Lendlease in the development and long-term ownership of Asian retail assets, primarily in the Singapore retail market.

The ARIF entities are currently in their Operational Phase and seek to maximise returns to institutional investors over the long-term, with a focus on active asset management and ownership of retail/ mixed use properties.

ARIF has a vision to deliver cost effective sustainability solutions across the portfolio. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.

Property Portfolio

The Fund owns interests in two assets in Singapore (313@somerset and Jem) and one in Malaysia (Setia City Mall). All three assets are green-field developments and are key examples of developing world-class sustainable real estate products utilising Lend Lease’s integrated business model. In the integrated model, Lendlease led all phases of the project from site acquisition, development, design, project management and construction and leasing, to asset management services.

Lendlease and ARIF are aligned in their commitments to the environment, community and safety. With the strong focus on sustainability, all three assets set new benchmarks for retail centres, delivering international best practice in energy efficiency, water efficiency and indoor environment quality and environmental management. 313@somerset was awarded the Green Mark Platinum Award for existing buildings, the highest sustainability recognition in Singapore from the Building Construction Authority (BCA). Jem was awarded Green Mark Platinum V4, the highest sustainability recognition for a development project. Setia City Mall was awarded Green Mark Gold by the BCA as well as GBI Silver under the Green Building Index of Malaysia.

Lendlease Jem Partners

Established in 2013, Lendlease Jem Partners (LLJP) is a wholesale investment vehicle which holds an interest in Jem®, a suburban retail and office asset in Singapore.

LLJP seeks to provide core returns to Unit Holders with the potential for growth through the active asset management and long term ownership of Jem®.

LLJP has a vision to deliver cost effective sustainability solutions across the portfolio. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.

Property Portfolio 

Jem® is Singapore’s third largest suburban mall located in Jurong East. It houses 241 stores over 82,600sqm of retail space across six levels. It is the first mixed-use development in Singapore to be awarded Green Mark Platinum version 4 and is one of the recipients of the Building and Construction Authority's first Universal Design Mark Award.
 
Parkway Parade Partnership
Parkway Parade Partnership Ltd is a closed-ended wholesale property fund. The fund provides institutional shareholders with an opportunity to invest in select Asian real estate, predominately in the Singapore retail market.

PPP has a vision to deliver cost effective sustainability solutions across the portfolio. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.

Property Portfolio

Parkway Parade is an example of the Fund's ability to add value for investors by redeveloping retail centres to respond to the needs of local communities. The centre underwent an over S$50 million redevelopment, creating six levels of retail outlets, a food court and leisure precinct, making it one of Singapore’s largest shopping centres.  Parkway Parade has been managed by Lendlease since acquisition in 2000. Lendlease provided project management, design and construction for the redevelopment.
Our approach

In line with Lendlease's signatory commitment under the United Nations supported Principles for Responsible Investment (PRI), we are committed to creating value for all stakeholders in everything we do by delivering positive economic, environmental and social outcomes whilst operating in an environment that is Incident & Injury Free. Lendlease's Responsible Investment Policy commits us to the following actions:

Principles for Responsible Investment (PRI)

The United Nations-supported Principles for Responsible Investment (PRI) Initiative is an international network of investors working together to put the six Principles for Responsible Investment (the Principles) into practice. The Principles aim to help integrate the consideration of environmental, social and governance (ESG) issues by institutional investors into investment decision-making and ownership practices, and thereby improve long-term returns to beneficiaries. In implementing the Principles, signatories contribute to the development of a more sustainable global financial system.

Lendlease’s Investment Management business was the first global specialist property investment management company to become a signatory to the United Nations supported Principles for Responsible Investment in November 2007.

All signatories are required to participate in the PRI’s annual Reporting and Assessment process. In early July 2015, Lendlease Investment Management received positive feedback on its PRI submission. An A+ rating was achieved for the PRI’s Overarching Approach module (scoring 29 of 30 points available points), improving from an A rating in the 2014 survey.

An A rating was achieved in the Property module (scoring 36 of 39 available points) with an improvement of 2 points.

A copy of Lendlease’s 2015 Transparency Report is available here.

Global Real Estate Sustainability Benchmark (GRESB)
The Global Real Estate Sustainability Benchmark (GRESB) is a voluntary, investor led benchmarking tool that assesses the sustainability performance of property portfolios, globally. The tool covers environmental, social and governance aspects of property funds, existing buildings, new development and major refurbishments. Each participant achieves an overall score on a scale of 0–100, and also a score for its performance in each of GRESB’s dimensions – Policy & Disclosure, Implementation & Measurement, and New Construction & Major Refurbishment.

Lendlease believes that its participation in the GRESB survey provides clarity and transparency on the ESG performance of its property funds and assets on a globally consistent basis, and believes that GRESB provides necessary focus and direction for the real estate sector.

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