A Canadian pension fund and Australian developer want to promote 900 London residences in Elephant & Citadel, which might symbolize one of many greatest build-to-rent offers.
The Canada Pension Plan Funding Board and Lendlease want to offload the properties for no less than £500 million, the Monetary Occasions stories.
The residences embody retail and public area, with flats ranging vary from studios to 3 bedrooms with facilities together with a fitness center, lounge and landscaped gardens.
Lendlease partnered with the Canadian fund for the build-to-rent phase, the latter of which at all times deliberate to promote up after securing occupants.
The present greatest build-to-rent sale was in July 2025, when Vistry bought 1,750 houses to Leaf Residing (backed by Blackstone) for round £600 million.
Corporations like Blackstone and Greystar want to purchase extra properties within the build-to-rent sector, capitalising on demand at a time when some smaller landlords are being pushed out of the sector amid uncertainties round new laws just like the Renters’ Rights Act.
Construct-to-rent at the moment accounts for two% of the non-public rented sector.
