CPP Investments and Lendlease selling Elephant Park rental portfolio to Greystar

Signage is seen in the reception of CPP Investments' Toronto offices, on Thursday, September 21, 2023. THE CANADIAN PRESS/Chris Young

 CHY

TORONTO - The Canada Pension Plan Investment Board and real estate group Lendlease have signed a deal to sell their Elephant Park residential portfolio in London to Greystar.

CPP Investments is expected to receive C$670 million in net proceeds under the deal for the 904-home portfolio.

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