Lendlease announces Elle Xu as new Head of Acquisitions, Europe

  • 12 Sep 2023
Lendlease has further strengthened its Investment Management team by confirming that Elle Xu has joined the globally integrated real estate group as Head of Acquisitions, Europe.

Elle joins Lendlease with nearly 20 years’ experience in real estate and investment banking. She has a track record of leading the successful completion of capital market transactions, investment and divestment opportunities; and has successfully led the negotiation and completion of over £6bn of real estate transactions.  

In her new role at Lendlease, Elle will be responsible for leading the origination, appraisal and execution of transactions that will support the growth of Lendlease’s European Investment Management business. The business will benefit from Elle’s extensive experience in investing in real estate assets, portfolios and platforms and generating highly attractive returns for equity investors.  

Lendlease’s Group Head of Investments, Penny Ransom, said: “Elle brings vast knowledge and experience to our business, and a history of leading the execution of investment, divestment, and joint venture opportunities. This will be of enormous benefit as we look to identify new opportunities for our investors.” 

Elle was an early backer of the living sector in Europe, including Build to Rent, Build to Sell and Student Accommodation sectors. While working for Qatari Diar Europe, Elle led the formation of the Get Living joint venture platform between Qatari Diar, APG and Delancey, expansion of the Get Living platform and Qatari Diar’s full exit from the platform earlier this year. Elle also has extensive experience in real estate debt financing, having completed over £1.5bn debt financing transactions in the last 5 years.  

Elle Xu said: “The opportunities for Lendlease as a partner for leading institutional investors are vast. Our fully integrated model that includes investment, development and operational capabilities combined with uncompromising sustainability and safety standards make Lendlease stand out as a partner of choice. I’m really excited to be able to contribute to the future success of this business and to continue our drive for new acquisitions.” 

Following her accreditation as a Chartered Financial Analyst, Elle held various senior investment management positions. Most recently she served as the Investment Director for Qatari Diar Europe where she also sat as a Board Director for the business, overseeing a portfolio of large scale and complex projects such as Chelsea Barracks, the former US Embassy and South Bank Place. 


About Lendlease   

Lendlease ( is a globally integrated real estate group with operations in Australia, Asia, Europe and the United States. We create places where communities thrive. Headquartered in Sydney, Australia and listed on the Australian Securities Exchange. Lendlease has approximately 7,800 employees globally. Our core capabilities are reflected in our operating segments of Investments, Development and Construction. The combination of these three segments provides us with a sustainable competitive advantage in delivering innovative integrated solutions for our customers.