CPPIB partners to invest in British build-to-rent sector
Canada Pension Plan Investment Board and Australian property and infrastructure firm Lendlease have launched an investment partnership focused on the United Kingdom's build-to-rent private rental sector. The partnership will target an initial £1.5 billion ($2.6 billion) to investments with Lendlease developing and managing the build-to-rent homes. An investment of £450 million has already been made in the next phase of new homes at a Lendlease development in London's Elephant and Castle. CPPIB will account for 80 percent of the deployment, with Lendlease investing the balance.
16 January 2018•4 mins read
