January 16, 2018 / 9:22 PM / a month ago

CPPIB and Australia's Lendlease partner to invest 1.5 billion pounds

(Reuters) - Australian property manager Lendlease Group (LLC.AX) and Canada Pension Plan Investment Board (CPPIB) said on Tuesday they would partner to invest 1.5 billion pounds in UK’s build-to-rent private rental sector.

    The partnership will initially invest 450 million pounds.

    “This investment is a great opportunity for CPPIB to further diversify our European real estate portfolio,” Andrea Orlandi, head of real estate investments Europe at CPPIB, said in a statement.

    The companies will also pursue “opportunities” within Lendlease’s residential urban activities in London and across the UK under a joint venture.                  

    Reporting by John Benny in Bengaluru; Editing by Maju Samuel

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below