Lendlease hires new investment head

Vanessa Orth has been recruited to run Lendlease's local investment management arm.

The appointment sees Orth return to the property development and investment giant after seven years.

Orth has worked in the property and aviation sectors, including most recently as chief commercial officer of Sydney Airport Corporation.

Before that, she held several roles at GPT, including head of retail, where she oversaw leasing development, asset management, operational capital, marketing, and investment.

"We welcome Vanessa's return to Lendlease, where she will bring her expertise to build on the strong momentum we have established with our investment partners through new opportunities, and ensure we continue to achieve industry-leading sustainability outcomes across our real estate portfolio," said Lendlease Australia chief executive Dale Connor.

The investment management division has $25 billion in funds under management across office, retail and industrial.

In 2021, it launched the Real Estate Partners 4 Fund, focusing on multi-sector opportunities, and significantly grew its investment mandates business.