Established in 2017, LRIP I is a closed fund which seeks to own and manage Build to Rent assets in UK cities. LRIP I will target the acquisition of Build to Rent assets for long term income return and capital growth.
- Long-term ownership of Build to Rent assets within London or major regional UK cities.
- Deliver long-term profitability and enhanced performance returns whilst caring for people and the planet.
- Provide best-in-class service that others in the sector aspire to.
- Create communities that embody a frictionless lifestyle, meaningful connections, and demonstrate the value of home.
In the heart of Elephant & Castle, Elephant Park will offer the first collection of rental homes by ‘Living by Lendlease’. With thoughtful layouts, private outdoor areas and first-rate amenities.
Located to ensure easy access to independent shops, restaurants and even more leisure facilities on your doorstep. Park Central West & Park Central East are adjacent to more than 2.5 acres of parkland, so you are never far from green space, allowing you to breathe easy in the city.
Park Central West and Park Central East are the first completed assets comprising of 663 homes.
LRIP I leverages Lendlease’s integrated end-to-end business model, from construction and development through to investment management. Our property and asset management company 'Living by Lendlease' is committed to building our reputation for first-class customer care within the industry.
Our property and asset management companies ensure that the needs of the current residential asset and the surrounding community are prioritised.
LRIP I looks to invest in significant external opportunities as well as the Lendlease pipeline. Recent LRIP I projects that have been sourced through the Lendlease pipeline and developed and constructed by Lendlease include:
Park Central West
Park Central West comprises of 354 rental homes offering residents a wealth of first-rate amenities within the development including a co-working space, cinema screening room, 24-hour gym, games room and a private garden. The asset is adjacent to more than 2.5 acres of parkland within our brand-new regeneration neighbourhood Elephant Park. This development is managed by Living by Lendlease, which offers gorgeous rental communities where service is our signature, allowing residents to rent with their pet and decorate their apartments to their own style.
Park Central East
Park Central East is a sister community to Park Central West. Park Central East, also located within our brand-new neighbourhood Elephant Park, comprises of 309 rental homes and offers residents an abundance of amenities such as a reading nook with lending library, indoor/outdoor workspaces, cinema screening room, 24-hour gym, games room and a private garden. This property is also managed by Living by Lendlease, offering gorgeous rental communities where service is our signature, allowing residents to rent with their pet and decorate their apartments to their own style.
Responsible Property Investment
LRIP I has a vision to be recognised as the leader in the delivery of ESG outcomes in the European unlisted property sector. It acknowledges the sustainability aspirations of the broader Lendlease Group and is aligned with Lendlease’s key sustainability objectives.
Global Real Estate Sustainability Benchmark (GRESB)
LRIP I is commited to participating in GRESB. Its first submission will be made in 2021/2022.
Green Building Certification
ASSET CODE FOR SUSTAINABLE HOMES EPC Park Central West 4 B Park Central East 4 B