SOCIAL INFRASTRUCTURE

Lendlease Retirement takes first place

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LENDLEASE’S Retirement Living Trust has won first place by the GRESB in the senior homes category.

Lendlease beat entrants from Europe, the United Kingdom, and the United States. The 2019 rankings are based on analysis of environment, social and governance data from over 1,000 property companies, real estate investment trusts (REITs), funds, and developers.

Lendlease managing director retirement living Tony Randello said achieving first place in the GRESB rankings in the senior homes category reflects its commitment to creating great places that deliver environmental and social value, alongside their financial value.

“Lendlease operates one of the largest retirement living businesses in Australia, with more than 70 villages catering to older people.

“We could not have achieved these excellent results without the support of our approximately 17,000 residents, who helped us reduce our energy, gas and water consumption over the past 12 months,” Randello said.

The GRESB ranking recognised in 2018, Lendlease’s Australian villages reduced energy consumption by 5.1% compared to 2017. This is equivalent to powering 252 average Australian homes, according to the Australian Energy Market Commission’s 2018 Residential Electricity Price Trends Methodology Report.

Lendlease also reduced greenhouse gas (GHG) emissions by 4.9% in 2018 compared to 2017 and water consumption by 4.2% in 2018 compared to 2017 – the equivalent of filling 19 Olympic size swimming pools.

Furthermore Lendlease introduced water loggers, giving village management access to real-time data and insights into water consumption, enabling villages to identify leaks and change practices that allowed villages to save approximately 28,000 kL and $82,000 in 2018.

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