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.
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 PortfolioThe series of ARIF funds owns interests in an asset in Singapore (Jem) and another in Malaysia (Setia City Mall). Both assets are green field developments and are key examples of developing high quality sustainable real estate products utilising Lendlease’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, Lendlease delivers award-winning assets in energy efficiency, water efficiency and indoor environment quality and environmental management. Jem was awarded the Green Mark Platinum Award, the highest sustainability recognition in Singapore from the Building Construction Authority (BCA). Setia City Mall was awarded GBI Silver under the Green Building Index of Malaysia.
Property PortfolioJem is one of Singapore’s largest suburban mall located in Jurong East. It houses over 230 stores over 50,000sqm of retail space across six levels. It is the first mixed-use development in Singapore to be awarded the Green Mark Platinum version 4 and is one of the recipients of the Building and Construction Authority's Universal Design Mark Gold Plus Design Award.
PPP acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.
Property PortfolioParkway 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. Including the basement level, the centre has a total of eight 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.
PLQ seeks to maximise total returns to its investors with the potential for growth through ownership and active asset management.
PLQ has a vision to deliver cost-effective sustainability solutions across the portfolio over the long term. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.
Paya Lebar Quarter is a 4-hectare mixed-use development located at the heart of one of Singapore’s latest commercial hubs. The development offers three Grade A office towers with close to one million square feet of prime office space and amenities, retail space which spans over 340,000 square feet of shopping, dining and entertainment options as well as three residential towers comprising 429 apartments. Located between Singapore's Changi Airport and the core Central Business District, PLQ provides excellent island-wide connectivity and access to high-quality retail, F&B and public amenities.
The precinct was completed in end 2019.
Formally evaluating the impacts and risks of ESG issues in investment and management decision making.
Developing and implementing sustainability strategies for each of our managed funds, that address Lendlease's operating principles and key sustainability focus areas.
Using green rating tools and labels, where they exist, to benchmark and disclose the ESG performance of assets and portfolios.
Engaging and sharing knowledge with stakeholders on ESG issues related to responsible property investment practices.
PRINCIPLES FOR RESPONSIBLE PROPERTY INVESTMENT
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 PRI signatory in November 2007.
All signatories are required to participate in the PRI’s annual Reporting and Assessment process. In July 2019, Lendlease received positive feedback on its most recent PRI submission, achieving an A+ rating for the PRI’s Strategy & Governance module (scoring 29 of 30 available points) and an A+ rating in the Property module (scoring 42 of 42 available points).
A copy of Lendlease’s 2019 Transparency Report is available here.
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.