Lendlease International Towers
Lendlease International Towers Sydney Trust (LLITST) is a A$4.6 billion trust, established in 2012. It holds a 100% interest in the first two commercial towers constructed by Lendlease at Barangaroo South, being International Towers Sydney – Tower Two and International Towers Sydney – Tower Three. The Fund also holds a 100% interest in Australia's first engineered timber office, International House Sydney at Barangaroo South and the Towns Place Car Park.
Barangaroo South is an urban regeneration project located on the last major waterfront site in the Sydney central business district (CBD). When complete, it will include three major office buildings, 800 residential apartments and a world class hotel situated next to waterfront parklands.
The towers are developed and constructed by Lendlease to a Premium grade standard, offering tenants leading environmental credentials.
Each tower is designed to take advantage of the outstanding harbour-front location, to achieve 6 Star Green Star Design ratings and target 5 Star NABERS Energy and Water ratings.
- Tower Two is a 88,200 square metre premium grade office tower, with 41 levels.
- Tower Three is a Premium grade, 38-level office tower of 83,100 square metres.
International House Sydney is a sustainable office building with 7,500 square metres across six levels of office and one of retail. The asset has been constructed from Cross Laminated Timber (CLT) and glue laminated timber (Glulam), which hold lower carbon footprints than other building materials. The production process produces zero waste and the timbers are sourced from certified sustainably managed forests.
Wynyard Walk pedestrian connection opened in September 2016, providing a direct pedestrian link between Wynyard and Barangaroo.
Responsible Property InvestmentLLITST has a vision to be recognised as the global leader in responsible property investment. 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 2016.
Global Real Estate Sustainability Benchmark (GRESB)LLITST has participated in the Global Real Estate Sustainability Benchmark (GRESB) assessment since 2014.
The Fund was ranked third globally out of 964 participants in the 2019 annual GRESB real estate assessment. The Fund also came third globally in the Office sector across listed and unlisted funds.
It is the second year that LLITST has participated in the GRESB real estate category - previously it participated developer assessment category, which the Fund had achieved a first ranking for 4 consecutive years.