Lendlease retail fund achieves first place in the 2024 GRESB Real Estate Assessment for second consecutive year
- 16 Oct 2024
Sydney, 16 October 2024: For the second year running, Lendlease’s Australian Prime Property Fund Retail (APPF Retail) has been ranked first in the Australia Non-listed Retail Shopping Centre sector in the 2024 GRESB Real Estate Assessment.
It is the fifth time in the last six years that APPF Retail has ranked first in its peer group.
APPF Retail outperformed the benchmark group for year-on-year energy, greenhouse gas and water performance, achieving strong results across both the Management and Performance components of the GRESB assessment.
Lendlease also achieved leading rankings for its office funds in the Australia High-Rise Office peer group with Lendlease International Towers Sydney Trust (LLITST) ranking second, Lendlease One International Towers Sydney Trust (LLOITST) ranking third and Australian Prime Property Fund Commercial (APPFC) ranking fourth in the 2024 GRESB Real Estate Assessment.
GRESB is an independent organisation providing validated ESG performance data and peer benchmarks for investors and managers to improve business intelligence, industry engagement and decision-making.
Quotes attributable to Anne MacSporran, Fund Manager, APPF Retail
“This result is a great outcome for APPF Retail and our investors, with energy, water and waste improvements across our portfolio contributing to this strong outcome.
“We will continue to integrate new sustainability initiatives into our assets as we work towards the Fund’s net zero targets by 2025. We have a history of leading the retail sector in this space and it is key to our competitive advantage and identity.”
ENDS
For more information:
Jock Rice-Ward
External Affairs Manager – NSW/ACT
jock.riceward@lendlease.com
+61 458 311 920