Greystar has announced the acquisition of a 904-home build-to-rent portfolio at Elephant Park in Elephant & Castle, London, from Canada Pension Plan Investment Board and Lendlease.
The transaction was funded through Greystar’s flagship Greystar Equity Partners Europe II fund, which reached a final close earlier this month at more than €2.7 billion ($3.1 billion) in total commitments, making it the largest Pan-European value-add residential fund ever raised. GEPE II has more than €6.8 billion ($7.7 billion) of investment capacity across acquisitions and development opportunities in key European markets.
Since CPP Investments and Lendlease’s initial investment in 2015 through its build-to-rent partnership, it has delivered four purpose-built rental residential buildings — Park Central West, Park Central East, City Lights Point and Parkside — completed between 2021 and 2024 within the £2.5 billion ($3.3 billion) Elephant Park regeneration scheme. The asse
