Global PORTFOLIO

Asian Portfolio

Integrated Capability

Our strong investment management capability complements the world class product creation capability of the broader Lendlease Group, allowing us to deliver a range of global real estate products and solutions tailored to the needs of institutional investors. We use Lendlease’s asset management, development management, research, capital transactions, project management and construction skills, which give us a competitive advantage in creating, managing and accessing product.

Asian Retail Investment Fund
Lendlease Asian Retail Investment Fund (ARIF) was incorporated in 2007 as a develop and hold, unlisted wholesale property fund. The Fund offers institutional investors the opportunity to participate with Lendlease in the development and long-term ownership of Asian retail assets, primarily in the Singapore retail market.

The ARIF entities are currently in their Operational Phase and seek to maximise returns to institutional investors over the long term, with a focus on active asset management and ownership of retail/ mixed use properties.

ARIF has a vision to deliver cost effective sustainability solutions across the portfolio. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.

Property Portfolio

The series of ARIF funds owns interests in an asset in Singapore (Jem) and another in Malaysia (Setia City Mall). Both assets are green field developments and are key examples of developing high quality sustainable real estate products utilising Lendlease’s integrated business model. In the integrated model, Lendlease led all phases of the project from site acquisition, development, design, project management and construction and leasing, to asset management services.
 
Lendlease and ARIF are aligned in their commitments to the environment, community and safety. With the strong focus on sustainability, Lendlease delivers award-winning assets in energy efficiency, water efficiency and indoor environment quality and environmental management. Jem was awarded the Green Mark Platinum Award, the highest sustainability recognition in Singapore from the Building Construction Authority (BCA). Setia City Mall was awarded GBI Silver under the Green Building Index of Malaysia.
Lendlease Jem Partners
Established in 2013, Lendlease Jem Partners (LLJP) is a wholesale property fund which holds an interest in Jem®, a suburban retail and office asset in Singapore. LLJP seeks to provide core returns to Unit Holders with the potential for growth through the active asset management and long term ownership of Jem. LLJP has a vision to deliver cost effective sustainability solutions across the portfolio. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.

Property Portfolio

Jem is one of Singapore’s largest suburban mall located in Jurong East. It houses over 230 stores over 50,000sqm of retail space across six levels. It is the first mixed-use development in Singapore to be awarded the Green Mark Platinum version 4 and is one of the recipients of the Building and Construction Authority's Universal Design Mark Gold Plus Design Award.
Parkway Parade Partnership
Parkway Parade Partnership Ltd is an open-ended wholesale property fund. The fund seeks to provide secure and stable returns to its investors with the potential for growth through ownership, active asset management and master plan extension of Parkway Parade.

PPP acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.

Property Portfolio

Parkway Parade is an example of the Fund's ability to add value for investors by redeveloping retail centres to respond to the needs of local communities. Including the basement level, the centre has a total of eight levels of retail outlets, a food court and leisure precinct, making it one of Singapore’s largest shopping centres. Parkway Parade has been managed by Lendlease since acquisition in 2000.
Paya Lebar Quarter
Paya Lebar Quarter (PLQ) is a wholesale investment vehicle that owns the Office, Retail and Residential components of the PLQ project.  

PLQ seeks to maximise total returns to its investors with the potential for growth through ownership and active asset management. 

PLQ has a vision to deliver cost-effective sustainability solutions across the portfolio over the long term. The Fund acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with the Group’s key sustainability objectives.  

Property Portfolio 

Paya Lebar Quarter is a 4-hectare mixed-use development located at the heart of one of Singapore’s latest commercial hubs. The development offers three Grade A office towers with close to one million square feet of prime office space and amenities, retail space which spans over 340,000 square feet of shopping, dining and entertainment options as well as three residential towers comprising 429 apartments. Located between Singapore's Changi Airport and the core Central Business District, PLQ provides excellent island-wide connectivity and access to high-quality retail, F&B and public amenities.

The precinct was completed in end 2019.
Principles for Responsible Investment (PRI)
The Global Real Estate Sustainability Benchmark (GRESB) is a voluntary, investor led benchmarking tool that assesses the sustainability performance of property portfolios, globally. The tool covers environmental, social and governance aspects of property funds, existing buildings, new development and major refurbishments. Each participant achieves an overall score on a scale of 0–100, and also a score for its performance in each of GRESB’s dimensions – Policy & Disclosure, Implementation & Measurement, and New Construction & Major Refurbishment.

Lendlease believes that its participation in the GRESB survey provides clarity and transparency on the ESG performance of its property funds and assets on a globally consistent basis, and believes that GRESB provides necessary focus and direction for the real estate sector.
GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK (GRESB)

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