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.
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.
Pemberton Asset Management, the independent asset management group backed by Legal & General Capital, is delighted to announce that it has won Private Debt Investor magazine’s prestigious Global Newcomer of the Year award.
The PDI awards, in their third year of existence, recognise the best and brightest industry participants helping to shape private debt markets. The judging process is a mixture of editorial shortlisting and industry voting for the final winners.
This is the only global award recognised by PDI, and Pemberton was shortlisted for the Newcomer of the Year award alongside AllianceBernstein Private Credit Investors (AB-PCI) and Neuberger Berman Private Debt.
NTR plc and Legal & General Capital today announce the successful and final close of NTR’s wind investment fund, NTR Wind 1, with the addition of a further €50 million secured from Strathclyde Pension Fund and €35 million from the Ireland Strategic Investment Fund. Strathclyde Pension Fund and the Ireland Strategic Investment Fund join previously announced investors NTR plc and Legal & General Capital, bringing the equity in the fund to a hard cap total of €250 million.
Legal & General Capital (LGC) has today announced the launch of its modular housing business, Legal & General Homes, which will seek to modernise the home building industry by providing modern, precision engineered factory manufactured houses through its new factory in the North of England.
To find out more about L&G Homes please visit our website.