About Investment Management
Lendlease’s global investment management platform spans Asia, Australia, Americas and Europe.
Our investment professionals manage approximately A$48.0 billion globally in property assets via funds and separate mandates.
We invest on behalf of pension funds, sovereign wealth funds, investment managers and insurance companies, offering our investment partners access to quality property assets.
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.
Key reasons to invest with us
Wholesale managed funds
We offer wholesale investment partners access to quality property assets across the risk/return spectrum.
A selection of our Australian-focused funds are featured below:
Our Investment Management team
Our Investment Management team comprises over 60 professionals and is committed to achieving superior risk-adjusted returns for our investment partners. We adopt a consultative approach, aligning with investor interests to build sustainable partnerships for long term success.
Responsible Property Investment
As a fund manager, Lendlease has a duty to act in the interests of its Unit Holders.
In this fiduciary and stewardship role, we believe that environmental, social and governance (ESG) factors form an integral part of the management process in our property portfolios. We acknowledge that achieving safety, sustainability and diversity outcomes will deliver long term value for our investors, the environment and our communities.
Lendlease's company-wide sustainability governance framework provides discipline and focus for its efforts and activities on the matters most important to us and our stakeholders.
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 Property Investment Policy commits us to the following actions:
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.
Measuring and reporting on ESG criteria.
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.
Collaborating with industry bodies, government agencies and like-minded stakeholders on tools, labels and incentives which promote sustainable ESG performance in the property and investment industries.
Reporting and benchmarking
To assess our performance and commit to continuous improvement, we use the following indicators:
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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 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 2020 Transparency Report is available here. - Modern Slavery Statements
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Global Real Estate Sustainability Benchmark (GRESB)
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 – Management & Policy, Implementation & Measurement, New Construction & Major Refurbishment, Health & Wellbeing and Resilience.
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.
In 2019, several funds in Lendlease's Investment Management business were recognised as leaders in responsible property investment by GRESB. Australian Prime Property Fund Commercial (APPF Commercial) was ranked first globally of all 964 respondents. This is the fifth time that APPF Commercial has attained the top ranking, having achieved the same result in 2014, 2015, 2017 and 2018. Lendlease International Towers Sydney Trust (LLITST) was ranked third overall globally and third in the office sector across listed and unlisted funds. Australian Prime Property Fund Retail (APPF Retail) was ranked first in the retail sector across listed and unlisted funds and an overall rank of fifth out of 964 respondents. Lendlease Sub-Regional Retail Fund (LLSRF) also achieved strong results, ranked third in the global retail sector across listed and unlisted funds and an overall global rank of 10th. APPF Industrial was ranked first in the Oceania private unlisted industrial fund category.
Detailed GRESB results are disclosed on the respective fund pages. -
Green Building Certification
We are committed to the use of green rating tools and labels, where they exist, to benchmark and disclose the ESG performance of our assets. In Australia, we use Green Star, NABERS and WELL.
Green Star is a comprehensive, national, voluntary sustainability rating system that evaluates the design, construction and operational performance of buildings and communities, and is administered by the Green Building Council of Australia. The Green Star rating tools assess nine impact categories associated with the environmental and social impact of buildings, assigning credits to various design and operation features of the building.
The National Australian Built Environment Rating System (NABERS) is a national, voluntary initiative managed by the NSW Department of Planning, Industry and Environment. There are a range of rating tools covering energy, water, waste and indoor environment for a range of asset types, including Offices, Shopping Centres, Data Centres, Hotels and Homes. Ratings can be achieved on a scale of 0–6 Stars in half-star increments.
The WELL Building Standard® is an evidence-based system for measuring, certifying and monitoring the performance of building features that impact health and well-being. It's administered by the International WELL Building Institute™ (IWBI), and covers seven concepts: air, water, nourishment, light, fitness, comfort and mind. Platinum, gold and silver WELL ratings can be achieved for buildings including tenant spaces, and WELL Core and Shell Compliance can be achieved by building owners for building aspects under landlord control.
Building certifications are disclosed on the respective fund pages.
