Lendlease and CPPIB to invest $117m in build-to-rent homes.

Lendlease, a property group specialising in project management and construction, and CPPIB, a global investment management organization, agreed to invest $117m in build-to-rent homes. “Partnering with CPP Investments builds momentum in our Build-to-Rent platform and provides much needed housing in London. The investment demonstrates a vote of confidence not just in the Build-to-Rent sector in London, and the Elephant Park development, but in the attractiveness of the UK as a global investment destination. We highly anticipate the successful launch of our first Build-to-Rent homes at Elephant Park later this year," Victoria Quinlan, Lendlease Managing Director for Investment Management Europe.