U.S. living specialist Greystar is in talks to buy a portfolio of 900 rental apartments in south London for about £500M.
Greystar is in negotiations with Australian developer Lendlease and the Canada Pension Plan Investment Board to buy the apartments at Elephant Park, although the talks are not yet exclusive, the Financial Times reported.
Greystar would buy the apartments for one of its discretionary investment vehicles, and the FT reported it would look to make higher-than-core returns by investing in amenities and operations at the scheme. 
It is a similar strategy to that being undertaken at Barking Wharf, a 595-apartment scheme in east London…