We invest Legal & General's capital strategically in direct investments in order to improve returns for shareholders and accelerate Legal & General's evolution and growth.
Legal & General Capital, the principal investment arm of Legal & General Group, today announced its plans to partner with Newcastle City Council and Newcastle University, to help build and finance the £350 million Newcastle Science Central development.
Science Central will become a major UK hub for scientific research, and technology businesses. The North-East’s new devolution deal creates the opportunity to bring this powerful local vision to life, creating knowledge-based jobs for future generations in Newcastle and extending the Northern Powerhouse to "the North of the North".
MediaCityUK is set to double in size over the next decade under ambitious plans submitted to Salford City Council today (June 7th 2016).
Up to ten new buildings are envisaged with a development value of more than £1 billion. Key features of phase two of MediaCityUK include 50,000 m2 (540,000 sq ft) of offices, 1,800 apartments, retail and leisure, complemented by innovative public spaces with a pedestrian promenade running through the scheme.
Outline approval for the plans was granted in 2006. A condition of that permission was that detailed proposals, including all building designs and specifications, needed to be brought forward this year. The plans are expected to be considered by Salford’s planning panel in September.
On behalf of its Build to Rent partnership, Legal & General Capital (LGC) and Dutch pension fund manager,PGGM, today announced that they will be building more new homes inSalford, following the acquisition of a further site inSalford from developer English Cities Fund (ECf). This latest addition brings the jointventure’s current pipeline to nearly 800 new homes, with a total capital commitment of over £250m.
As it continues to invest in the creation of a new institutional Build to Rent Asset class, Legal & General Capital (LGC) announces that it has appointed JamesLidgate as Director of Housing overseeing its residential investment strategy, whileLGIM Real Assets is making three new key hires to support its growing pipeline of purpose built private rented assets.
James joins LGC from LGIM, having previously spent almost two years as Head of Residential within the Real Assets business. His new role is to explore all opportunities to increase Legal & General’s exposure to the UK’s residential sector, on behalf of its principal balance sheet, helping to boost Britain’s housing supply across all tenures. As such, he has responsibility for the Group’s strategic land assets, regeneration-led housing activities and major investment into the Build to Rent sector, as well as developing investment strategies in a number of other residential sub-sectors.