Daiwa has partnered with Australian-based real estate group Lendlease to develop and sell 259 apartments shared between two buildings in Elephant Park in central London.

According to Lendlease, though the two firms have worked together before in the USA and Australia, this is the first time Daiwa has operated in the development and sale of new homes in the UK.

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Keiichi Yoshii, president and CEO at Daiwa House, commented: “I am very excited right now, this is because this is Daiwa House’s first project in the UK. 
“We would like to thank everyone involved, including Lendlease, for giving us this opportunity.”

The project will provide a communal gym, elevated garden, sky lounge, 24-hour concierge service, and cycle storage, with residents expected to be able to move in from mid-2026.

Andrea Ruckstuhl, European CEO at Lendlease, said: “This deal is a significant vote of confidence in the property market in the UK.

“We’re very pleased to be able to bring Japanese investment here and it’s another illustration of the desire that international investors have for high quality opportunities across our global pipeline of projects.”

The British government’s Minister for Investment, Lord Johnson, added: “Real estate is hugely important for UK inward investment, supporting thousands of British jobs in our construction and property services industries as well as their huge supply chains.

"Having just visited Japan to meet with investors, I know how excited they are to invest in more UK projects because of the huge potential for growth that we offer.”