Penny Ransom appointed Group Head of Investments

  • 14 Mar 2022
Lendlease today announced that senior property industry executive, Penny Ransom, had been appointed Lendlease Group Head of Investments, reporting to Global Chief Executive Officer, Tony Lombardo.
Currently the Chief Investment Officer at Investa, Penny will be responsible for Lendlease’s global capital partner relationships and growing the Group’s global funds under management – providing its existing and potential new capital partners with attractive investment opportunities. In turn, this will provide support for the delivery of the Lendlease’s $112 billion global development pipeline while enabling the Group, together with its investment partners, to capture new opportunities in the regions in which it operates.

Commencing at Lendlease on 14 June 2022, Penny will bring to the role nearly 30 years of global investment management and institutional real estate experience gained across some of Australia’s largest property companies including Investa, Dexus, Lendlease and Colliers International Australia.

In her current role at Investa, Penny is responsible for all investments across the Group as well as strategy development and implementation. During the past 12 months, this included the creation of a major partnership to develop Sydney CBD’s Parkline Place, the creation of the $2.3 billion Investa Gateway Office venture (subject to conditions precedent) and the execution of Oxford Properties’ Australian Build to Rent strategy. 

Penny was previously the Head of Investment Management at Investa and prior to that Fund Manager of the listed Investa Office Fund. Prior to joining Investa, Penny held a number of senior roles at Dexus including Fund Manager of the Dexus Wholesale Property Fund and Dexus’s Head of Capital where she was responsible for the creation and performance of Dexus’ third-party capital partnerships. Previously, Penny completed a 13-year stint at Lendlease including as Head of Equity with Lendlease Investment Management in London.

Quotes attributable to Lendlease Global CEO Tony Lombardo

“I’m delighted to welcome Penny back to Lendlease. 

“Penny’s impressive track record managing and growing investment platforms within Australia and internationally using local and offshore capital make her the ideal candidate for the role. 

“The appointment of an executive of Penny’s calibre highlights our steadfast commitment to providing our highly valued capital partners with new investment opportunities – and supports our objective to grow funds under management from $42 billion to more than $70 billion by FY26.”

Quotes attributable to Penny Ransom

“I’m thrilled to be returning to Lendlease to join Tony Lombardo’s team as the Group continues to gain momentum and leverage its integrated global expertise for its existing and potential new capital partners. 

“I look forward to supporting Lendlease to execute against its $112 billion global development pipeline and to capture new opportunities in the regions in which it operates.”

For more information 
Stephen Ellaway
Executive General Manager
Group Corporate Affairs
M: 0417 851 287