Lendlease and Daiwa House have secured their third project on as many continents after agreeing to the joint development of two build-to-sell apartment buildings with an end value of £250m ($478 million) in inner-south-eastern London.

ASX-listed Lendlease will supply 25 per cent of the capital and Daiwa – Japan’s largest home builder – will supply 75 per cent for the 259-unit final residential stage of Lendlease’s Elephant Park, a decade-long multistage project in the London suburb of Elephant & Castle.