Established in 2020, LRIP II is a closed fund which seeks to own and manage Build to Rent assets in UK cities. LRIP II will target the acquisition of Build to Rent assets for long term income return and capital growth.

Investment strategy/Ambitions

  • Forward-fund and 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.


Property portfolio

Elephant Park is our £2.5 billion regeneration project in the heart of London. The project is creating thousands of high-quality new homes, jobs, business opportunities and green space for Londoners.

Located to ensure easy access to independent shops, restaurants and even more leisure facilities on your doorstep. H11A and H7 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.

The fund has a combined investment in two future phases at Elephant Park, Plot H11A and Plot H7 comprising of 241 homes.

Lendlease advantage

LRIP II 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 II looks to invest in significant external opportunities as well as the Lendlease pipeline. Recent LRIP II projects that have been sourced through the Lendlease pipeline and developed and constructed by Lendlease include:

H11A Image
Elephant Park


H11A comprises of 118 rental homes within an 18 storey building as well as offering residents a vast range of on-site amenities to enjoy. The asset sits within our landmark 28-acre regeneration neighbourhood Elephant Park. Located in the heart of Elephant and Castle, this vibrant community is a Zone One area of London enjoying excellent links directly into the City of London. H11A will be managed by Living by Lendlease who offer gorgeous rental communities where service is our signature allowing residents to rent with their pet and decorate their apartments to their own style.

H7 Image
Elephant Park


Also sitting within our landmark 28 acre regeneration neighbourhood Elephant Park, H7 will offer 123 homes as well as giving residents a vast range of on site amenities to enjoy. Like H11A, H7 will be managed by our own management company Living by Lendlease, ensuring residents experience the very best service the industry can offer. 

Responsible Property Investment

LRIP II 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.


For more information about LRIP II