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.
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
The Fund’s portfolio comprises interests in 33 properties, with over 80 tenancies.
The portfolio is predominantly weighted to the industrial markets of Sydney.
- 46% New South Wales
- 34% Victoria
- 13% Queensland
- 5% South Australia
- 2% Western Australia
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 InvestmentAPPF 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.
In 2018, APPF Industrial achieved a rank of second out of seven funds for the Industrial unlisted sector in Australia and New Zealand.
|Management & Policy||56%||94%||91%||-3%|
|Implementation & Measurement||18%||66%||71%||+5%|
|All GRESB participants||151 of 339||242 of 823||304 of 874||↓ 62 places|
|Global, industrial||7 of 25||9 of 59||16 of 61||↓ 7 places|
|Australia/NZ, industrial||-||1 of 8||2 of 7||↓ 1 place|