Lend Lease's Australian Prime Property Fund Commercial has outperformed 707 companies and funds worldwide to be ranked as the world's most sustainable real estate fund. 
It is the second time in two years the APPF Commercial fund, which holds assets including stakes in Barangaroo's International Towers and Melbourne's CLSA tower, has been recognised as the leader of the Global Real Estate Sustainability Benchmark (GRESB).
Sustainability is no longer an internal metric purely for company sustainability ratings, according to Lend Lease managed funds head Kylie Rampa. Rather, sustainability credentials are now a key criterion of investment for the world's largest funds.
"Sustainability is important as a global manager in attracting global capital," Ms Rampa told The Australian. "The reason is that property companies globally that have very strong sustainability results are producing a higher return on equity to investors. If you're not hitting certain benchmarks, you might become uninvestable."The group's other fund Lend Lease International Towers Sydney Trust was also named most sustainable development fund globally, while APPF Retail and Asian Retail Investment Fund 1 were recognised as regional leaders. Lend Lease's suite of managed funds now control more than $4.7 billion in funds across 65 -assets, of which just 17 have come from Lend Lease's development pipeline.