• Lendlease completed the portfolio recycling of UK BTR assets to Greystar.
• Transaction consists of 904 residences at Elephant Park, London.
• Deal delivers cash proceeds of ~$260m to Lendlease in FY26.
• Elephant Park development completed in partnership with CPP Investments.
• Transaction aligns with December 2025 book value.

Lendlease has completed the portfolio recycling of its UK Build to Rent (BTR) assets to Greystar. The divestment, alongside partner Canada Pension Plan Investment Board (CPP Investments), consists of a portfolio of 904 residences at Elephant Park, London. The multi award-winning development was created in partnership with CPP Investments, with four buildings completed between 2021 and 2024. The urban renewal of Elephant Park is now largely complete, and assets fully stabilized, providing an opportune time for Lendlease and its investment partner to recycle capital from the project. The transaction is in line with December 2025 book value and will settle before 30 June, delivering cash proceeds to Lendlease of ~$260m in FY26.

Cash proceeds of ~$260m expected in FY26

Lendlease remains focused on supporting partners through the investment lifecycle, delivering liquidity, returns, and growth opportunities.