Australian Prime Property Fund Industrial

Established in 1996, the Lendlease managed Australian Prime Property Fund Industrial (APPF Industrial) is a core wholesale unlisted property trust, allowing institutional investors to benefit from exposure to a portfolio of prime, directly-held industrial properties across Australia. The Fund seeks to deliver its target return and superior risk adjusted core returns to unit holders through the long term ownership, development and repositioning of quality diversified, predominantly core Australian industrial real estate assets.

Investment Strategy

The Fund invests in predominantly core industrial properties across Australia, which are:

  • modern, functional warehouse/ logistics assets;
  • close proximity to major infrastructure including; major roads, airport, ports, rail, CBD;
  • eastern seaboard focused;
  • strong tenant covenants; and
  • low capital expenditure requirements

Property Portfolio

The Fund’s portfolio comprises interests in 29 properties, with over 70 tenancies.

The portfolio is predominantly weighted to the industrial markets of Sydney. 

  • 47% New South Wales 
  • 29% Victoria 
  • 16% Queensland 
  • 6% South Australia 
  • 2% Western Australia

LENDLEASE ADVANTAGE

APPF Industrial has the ability to leverage Lendlease’s integrated end-to-end business model – exposure to asset management, development, construction and project management expertise.

Responsible Property Investment

APPF Industrial has a vision to maintain its responsible property investment leadership status by delivering effective environmental, social and governance outcomes 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)
APPF Industrial has participated in the Global Real Estate Sustainability Benchmark (GRESB) since 2011.

In 2017, APPF Industrial was recognised as the number one industrial sector fund in Australia and New Zealand.

   2011 2016 2017 2017 Change
GRESB Scores        
Overall Score  30% 75% 74% -1%
Management & Policy  56% 84% 94% +10%
Implementation & Measurement  18% 71% 66% -5%
GRESB rankings        
All GRESB participants 151 of 339 169 of 759 242 of 850 ↓ 73 places
Global, industrial 7 of 25  4 of 51 9 of 59 ↓ 5 places
Australia/NZ, industrial  - 1 of 5 1 of 8 No change