Canada Pension Plan Investment Board (CPP Investments) and real estate group Lendlease are selling a residential portfolio at Elephant Park in London to Greystar for around €572 million in net proceeds. Greystar’s flagship Greystar Equity Partners Europe II (GEPE II) fund is acquiring the 904-home build-to-rent (BTR) portfolio in Elephant & Castle, generating net proceeds for CPP Investments and Lendlease of approximately C$670 million (€414 million) and A$260 million (€157 million), respectively, upon completion. Formed in 2015, the CPP Investments and Lendlease BTR venture has delivered four purpose-built rental buildings within London’s £2.5 billion Elephant Park regeneration scheme. The buildings, Park Central West, Park Central East, City Lights Point and Parkside, reached completion between 2021 and 2024.
Source: IPE Real Assets on 26 June 2026
https://realassets.ipe.com/news/cpp-investments-lendlease-sell-london-residential-portfolio-to-greystar/10137453.article