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Lendlease

PRI reporting framework 2017

Gateway asset class implementation indicators [OO 10 - 12]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Implementation not in other modules [SG 12 - 16] Innovation [SG 17]

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Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

Fund management

% of assets under management (AUM) in ranges

<10%

10-50%

>50%

Fund of funds, manager of managers, sub-advised products

Other, specify

Execution and advisory services

01.2. Additional information. [Optional]

Lendlease's Investment Management (LLIM) business manages A$24.7 billion in assets under management (AUM) comprised of property assets held across unlisted funds, joint ventures and separate mandates in Australia, Asia and Europe.

It invests on behalf of institutional investors including pension funds, sovereign wealth funds, investment managers and insurance companies, giving its investment partners access to quality property assets across the risk/return spectrum.

The investment management business has access to Lendlease's in-house development, asset and property management, research, capital transactions, project management and construction skills. These end-to-end capabilities help it provide property investment opportunities that meet its client's needs.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

100 FTE

02.4. Additional information. [Optional]

Statistics and reporting as at 31/12/2016

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.4. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

as percentage breakdown

	Internally managed (%)	Externally managed (%)
Listed equity	0 0	0 0
Fixed income	0 0	0 0
Private equity	0 0	0 0
Property	>50% 100	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	0 0	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0

as broad ranges

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

The AUM asset class splits can be summarised as follows:

Retail shopping centres and malls: $8.4 billion AUD (assets located in Australia, New Zealand and United Kingdom)

Commercial office: $9.6 billion AUD (assets located in Australia)

Mixed use assets (retail and commercial office): $5.4 billion AUD (assets located in Singapore and Malaysia)

Industrial warehouses and business parks: $0.9 billion AUD (assets located in Australia)

The AUM splits excludes $0.4 billion AUD in social infrastructure.

OO 07. Fixed income AUM breakdown (Not Applicable)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

Developed Markets	0% <10% 10-50% >50 %
Emerging, Frontier and Other Markets	0% <10% 10-50% >50 %
Total	100%

09.2. Additional information. [Optional]

AUM are held in developed markets of Australia, New Zealand, Singapore and the United Kingdom. Lendlease Investment Management holds a fund asset in Malaysia (Setia City Mall), an emerging market.

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