Sydney, 11 July 2025: Lendlease has been selected as a global investment manager to manage an investment mandate for Kumpulan Wang Persaraan (Diperbadankan) [KWAP] or Retirement Fund (Incorporated), Malaysia’s largest public sector pension fund, under its flagship Dana Pemacu initiative.
With MYR 500 million in committed capital, the fund can potentially manage up to MYR 1 billion (~A$360m) in real estate assets for KWAP across Malaysia and Australia in sectors including industrial, logistics, build-to-rent, data centres, healthcare and education. It also represents a strategic opportunity to support KWAP’s diversification into high-growth real estate segments, while contributing to its national development objectives and strengthening local sectoral capacity.
The new mandate builds on recent momentum across Lendlease’s Investment Management platform, with deepening of existing partnerships and the addition of new global capital partners. It exemplifies the increasing trend of cross-border collaboration between institutional investors and experienced global asset managers, demonstrating the strength and attractiveness of real estate markets in both Malaysia and Australia.
This announcement follows the appointment of Lendlease to manage a $1.2b office mandate for the management of Aurora Place in Sydney, on behalf of existing capital partner National Pension Service (NPS), and the introduction of two new Japanese investment partners, Sotetsu Urban Creates and Yasuda Real Estate, into the Lendlease Moorfields Investment Partnership in London.
Quotes attributable to Justin Gabbani, CEO Investment Management Lendlease:
“We look forward to partnering with KWAP under this new mandate, which will further strengthen the real estate and investment management markets in Malaysia and Australia.
“We are focused on providing compelling investment opportunities to support KWAP’s long-term investment objectives, as we continue to grow our network of global capital partners and focus on delivering strong investment outcomes for our investors.”
ENDS
For more information:
Australia
Tessie Vanderwert, General Manger Corporate Affairs
tessie.vanderwert@lendlease.com
+61 428 483 828