:
UK: The Canada Pension Plan Investment Board and developer Lendlease are reportedly considering the sale of the Elephant Park built-to-rent development in south London.
Real estate investment bank Eastdil is advising on the potential sale, which was in its early stages, according to the Financial Times.
Elephant Park will eventually consist of 3,208 apartments, around 28 per cent of which are for rent, along with retail and public space. Lendlease has been developing the wider area and partnered with CPPIB on the build-to-rent segment. The apartments range from studios to three-bedroom units with amenities including a gym, lounge and landscaped gardens.
