Lendlease Asia funds maintain top sustainability rankings for 2019

Lendlease’s Asia funds have again performed well in the 2019 Global Real Estate Sustainability Benchmark (GRESB) rankings, taking the top spots in the Asia Retail category for its strong leadership in sustainability.

  • 7 Nov 2019
  • by
  • Lendlease Author Better Places

Used by the industry to benchmark Environmental, Social and Governance (ESG) performance for the real estate sector globally, over 1,000 entities and 100,000 properties, representing US$4.1 trillion in global assets under management took part in the 2019 GRESB Survey.

In the Asia Retail funds category with 20 submissions, the five Lendlease-managed funds took the top positions. Asian Retail Investment Fund 1 (ARIF1), which holds 313@somerset, retained its No. 1 ranking as the regional sector leader for the third consecutive year since 2017. Alongside ARIF1, the rest of the Lendlease-managed funds were ranked within the top six.

Lendlease Chief Investment Officer, Ng Hsueh Ling, said: “At Lendlease, we have built our sustainability framework around creating sustainable economic growth, building vibrant and resilient communities and cities, and contributing to the making of a healthy planet and people. Our proven track record in sustainability is also a direct result of our focus on leaving a profound and lasting impact on society and the environment, and we will continue building on our legacy by creating better places around the world for future generations.”

 Lendlease’s other funds also performed well, with Australian Prime Property Fund Commercial (APPF Commercial) placing first globally out of 964 participants – the fifth time that the Fund has achieved this global ranking in the last six years.

1 Which holds Jem in Singapore
2 Which holds Setia City Mall in Malaysia