CPP Investments and Lendlease selling Elephant Park rental portfolio to Greystar
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – The Canada Pension Plan Investment Board and real estate group Lendlease have signed a deal to sell their Elephant Park residential portfolio in London to Greystar.
CPP Investments is expected to receive C$670 million in net proceeds under the deal for the 904-home portfolio.
Lendlease, an Australian firm, is expect to receive A$260 million.
Since CPP Investments’ and Lendlease’s initial investment in 2015 through their build-to-rent partnership, they have built four buildings.
U.S.-based Greystar invests in rental housing around the world.
The transaction is expected to close by the end of the month, subject to customary closing conditions.
This report by The Canadian Press was first published June 26, 2026.