Lendlease Completes UK Build-to-Rent Asset Recycling
Lendlease Group (ASX: LLC) has completed the sale of its UK Build-to-Rent (BTR) portfolio to Greystar, marking the successful recycling of its investment in the Elephant Park residential development in London. Undertaken alongside its partner, Canada Pension Plan Investment Board (CPP Investments), the divestment includes 904 residences across four buildings completed between 2021 and 2024. The transaction follows the successful stabilisation of the assets after the large-scale urban renewal project reached maturity, enabling both partners to unlock capital for future investment opportunities.
The transaction aligns with the December 2025 book value and is expected to settle before 30 June 2026, generating approximately AU$260 million in cash proceeds for Lendlease during FY26. Management highlighted Elephant Park’s strong sustainability credentials, including its 5-star GRESB rating, while emphasising the company’s expertise in delivering large-scale urban regeneration projects. Lendlease stated that the capital recycling supports its investment management strategy by enhancing liquidity, generating returns, and creating capacity to pursue future growth opportunities across its global portfolio.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Lendlease Completes UK Build-to-Rent Asset Recycling
Lendlease Group (ASX: LLC) has completed the sale of its UK Build-to-Rent (BTR) portfolio to Greystar, marking the successful recycling of its investment in the Elephant Park residential development in London. Undertaken alongside its partner, Canada Pension Plan Investment Board (CPP Investments), the divestment includes 904 residences across four buildings completed between 2021 and 2024. The transaction follows the successful stabilisation of the assets after the large-scale urban renewal project reached maturity, enabling both partners to unlock capital for future investment opportunities.
The transaction aligns with the December 2025 book value and is expected to settle before 30 June 2026, generating approximately AU$260 million in cash proceeds for Lendlease during FY26. Management highlighted Elephant Park’s strong sustainability credentials, including its 5-star GRESB rating, while emphasising the company’s expertise in delivering large-scale urban regeneration projects. Lendlease stated that the capital recycling supports its investment management strategy by enhancing liquidity, generating returns, and creating capacity to pursue future growth opportunities across its global portfolio.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au