Established in 2017,
LRIP is a limited partnership co-invested by Lendlease and Canada Pension Plan Investment Board (CPP). The partnership seeks to own and manage Build to Rent assets in UK cities.
Investment strategy/Ambitions
- 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 and meaningful connections that demonstrate the value of home.
Property portfolio
In the heart of Elephant & Castle, Elephant Park is Lendlease’s £2.5 billion regeneration project in Zone 1, London. The project is creating thousands of high-quality new homes, jobs, business opportunities and green space for Londoners. Elephant Park offers the first collection of rental homes by Living by Lendlease, with thoughtful layouts, private outdoor areas, and market-leading amenities.
The partnership is invested in Park Central West and Park Central East, the first completed assets comprising 663 Build to Rent homes.
Lendlease advantage
LRIP 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 its reputation for first-class customer care within the industry, ensuring the needs of the current residential asset and the surrounding community are prioritised.
Park Central West
Park Central West comprises 354 Build to Rent homes, offering residents a wealth of first-rate amenities, 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 the new regeneration neighbourhood Elephant Park. This operating asset is managed by Living by Lendlease, which offers acclaimed rental communities where service is our signature, allowing residents to rent with their pets 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. Park Central East is also managed by Living by Lendlease.
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Responsible Property Investment
The Partnership aims to be the leader in responsible property investment and management of Build-to-Rent (BTR) assets across the United Kingdom. Our vision, to create the best places, is supported through our continuous focus on delivering environmental, economic and social value for our residents, the community and our partners.
The Partnership understands that sustainability is an opportunity to increase the competitiveness, desirability and performance of its investments primarily through its ability to create and manage vibrant and resilient communities. It is committed to integrating sustainability practices in the management of its portfolio and achieving leadership in responsible property investment and on global sustainability indices.
Guided by Lendlease’s Responsible Property Investment and Sustainability Framework, it is considered that, together with the implementation of leading sustainability practices, the Partnership will differentiate itself and deliver long term value for its investors, the environment and its stakeholders.
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GRESB
LRIP is committed to participating in GRESB with the first rating to be achieved in 2024.
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Green Building Certification
ASSET CODE FOR SUSTAINABLE HOMES EPC Park Central West 4 B Park Central East 4 B
