For the purposes of this submission, “organisation” means Lendlease’s Funds Management business in Australia, Asia and Europe, unless otherwise stated. In some responses (where stated) the submission references ‘Lendlease Corporation Limited’, which is the parent entity, listed on the Australian Stock Exchange (LLC), as well as ‘Lendlease Funds Management Australia’ (LLFM Australia).
Lendlease's Funds Management (LLFM) business manages A$30 billion in Assets Under Management (AUM) comprised of property assets held across unlisted funds and separate mandates in Australia, Asia, and Europe.
LLFM invests on behalf of institutional investors including pension funds, sovereign wealth funds, investment managers and insurance companies, and gives its investment partners access to quality property assets across the risk/return spectrum.
The funds 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.