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Lendlease

PRI reporting framework 2018

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Peering questions

OO LE 01. Breakdown by passive, quantitative, fundamental and other active strategies (Not Applicable)


OO LE 02. Reporting on strategies that are <10% of actively managed listed equities (Not Applicable)


OO FI 01. Breakdown by passive,active strategies (Not Applicable)


OO FI 02. Option to report on <10% assets (Not Applicable)


OO FI 03. Breakdown by market and credit quality (Not Applicable)


OO SAM 01. Breakdown by passive, quantitative, fundamental and other active strategies (Not Applicable)


OO PE 01. Breakdown of investments by strategy (Not Applicable)


OO PE 02. Typical level of ownership (Not Applicable)


OO PR 01. Breakdown of investments

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

PR 01.1. Indicate the level of ownership you typically hold in your property investments.

PR 01.2. Provide a breakdown of your organisations allocation to Real Estate Investment Trusts (REITs) or similar

PR 01.3. Additional information. [Optional]

Lendlease managed property funds and direct mandates typically hold a 50% or greater stake in property asset investments. A minority stake (between 10- 50%) is held in the remaining cases. Lendlease Investment Management does not invest in publicly listed or externally managed Real Estate Investment Trusts.

 


OO PR 02. Breakdown of assets by management

PR 02.1. Provide a breakdown of your organisation’s property assets based on who manages the assets.

Property assets managed by

Breakdown of your property assets (by number)
Managed directly by your organisation
Managed via third-party property managers appointed by you
Managed by other investors or their property managers
Managed by tenant(s) with operational control
Total100%

PR 02.2. Additional information. [Optional]

Lendlease Investment Management (LLIM)'s AUM is comprised of a large proportion of assets in shopping centres and commercial offices that are directly managed.

A small minority (3 shopping centres and 1 commercial office property by number) of assets are managed by joint-venture partners and jointly appointed property managers. Whilst these assets are managed by JV partners, they are managed in accordance with LLIM's principles, policies and procedures in accordance with our Responsible Property Invesmtent Policy Statement and the relavant fund specific sustainability strategy.

LLIM's industrial assets are predominantly managed by tenants with operational control. The percentage allocated (10-50% by number of total assets in LLIM) in this circumstance reflects the greater number of industrial assets than offices and shopping centres in LLIM. In cases of assets with common areas and multiple tenants, these areas are managed directly by LLIM. 


OO PR 03. Largest property types

PR 03.1. Indicate up to three of your largest property types by AUM.

Types

Main property types (by AUM)

Largest property type
Second largest property type
Third largest property type

PR 03.2. Additional information.

Lendlease Investment Management (LLIM)'s sector weighting is led by retail shopping centres, representing 47% or A$13.24 billion of AUM. Commercial offices account for 45% or A$12.46 billion of AUM. Mixed use assets (represented by JEM, a mixed shopping centre and commercial office asset in Singapore) accounts for 5% or A$1.4 billion of AUM. Industrial logistics and warehouse buildings located in Australia represent 3% or A$0.8 billion of AUM.


OO INF 01. Breakdown of investments (Not Applicable)


OO INF 02. Breakdown of assets by management (Not Applicable)


OO INF 03. Largest infrastructure (Not Applicable)


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