Lendlease divests UK build-to-rent assets, secures $260m

The news: Lendlease has finalised the divestment of its UK Build to Rent portfolio to Greystar, securing approximately $260 million in cash proceeds for FY26.

The context: The divestment, executed in partnership with the Canada Pension Plan Investment Board, is scheduled to settle before 30 June and consists of 904 build-to-rent residences located in Elephant Park in London.

Lendlease stated that with the urban renewal phase largely complete and the assets fully established, it represents the appropriate opportunity for the company to recycle its capital from the project.

What they said: “We remain focused on supporting our partners and their objectives through the investment lifecyle, including delivering liquidity, returns and growth opportunities,” CEO Penny Ransom said.