Legal & General Capital results for the year ended 31 December 2016
Legal & General Capital (LGC) has announced that award-winning international design practice Ryder Architecture has been appointed to deliver the first of its grade A office buildings at Newcastle Science Central. This appointment will progress the delivery of one of the biggest urban regeneration projects of its kind in the UK.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, announces that Pemberton which is 40% owned by LGC has been named Global Fund Manager of the Year by Private Debt Investor (PDI) magazine. The shortlist for the award included Blackstone GSO, Oaktree and Lone Star.
Paul Stanworth, Bill Hughes and Kerrigan Procter describing the unique collaboration between Legal & General Capital, LGIM Real Assets and Legal & General Retirement to drive growth for our economy, society and our business.
Legal & General Capital (LGC) has completed its investment into Newcastle Science Central in partnership with Newcastle City Council and Newcastle University to deliver a major UK hub for scientific research and technology business. LGC’s latest transaction follows a year of significant deals into UK-wide regeneration, housing, infrastructure and technology projects.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, has further expanded its clean energy infrastructure platform with investment into two Oxford-based businesses, part of a strategy to back innovative technologies which respond to a rapidly changing global energy market.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, with Woodford Investment Management and the British Business Bank, has today invested in Accelerated Digital Ventures (ADV), a new and innovative venture platform funding digital businesses across all stages of the funding cycle, from entry to exit.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, announces that Pemberton which is 40% owned by LGC has completed the final close of its inaugural European Mid-Market Debt Fund (the Fund) with €1.2 billion of commitments.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, has backed a second fund by Pemberton which plans to lend £500 million to mid-sized UK businesses to support their growth. The commitment follows LGC’s investment in Pemberton’s first, pan-European fund which has currently raised around €1billion and has already invested over £180 million into UK firms. Pemberton expects to hold a first close of the new fund before the end of 2016.
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 in Salford, following the acquisition of a further site in Salford from developer English Cities Fund (ECf).
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, is delighted to announce the appointment of Stephen Halliwell as its new Chief Financial Officer to support its growth strategy.
Legal & General Capital (LGC), the principal investment arm of Legal & General Group, has appointed Lauren Aitchison as Head of Strategic Land.
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.
MediaCityUK is set to double in size over the next decade under ambitious plans submitted to Salford City Council today (June 7th 2016).
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 James Lidgate as Director of Housing overseeing its residential investment strategy, while LGIM Real Assets is making three new key hires to support its growing pipeline of purpose built private rented assets.
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.
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.
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.
Legal & General Capital (LGC) and Dutch pension fund manager, PGGM, have today announced that they have completed the acquisition of a Build to Rent development site in Bristol, as part of their newly formed joint venture.
Legal & General Capital (LGC) and Dutch pension fund manager, PGGM, have today announced the launch of a Build to Rent partnership.
Legal & General Capital’s (LGC) direct investments increased by 88% over the year to the end of September 2015, to £0.8bn (Q3 2014: £0.4bn).Total Group-wide direct investments have increased 43% to £6.6bn (Q3 2014: £4.6bn).
Legal & General Capital has invested in clean energy investment and asset management business, NTR Wind Management Ltd, a subsidiary of NTR plc, and committed to build an onshore wind portfolio through the first close of a fund targeting €250m.
Legal & General and Rightacres today announce that the signing of the BBC deal at Central Square in Cardiff has triggered the first phase of investment by Legal & General, enabling the joint venture partnership to develop the next phase of its £400m Central Square Cardiff regeneration scheme announced in September.
In her newly expanded role, Laura Mason, Director of Direct Investments at Legal & General Capital (LGC), is responsible for setting the direct investment strategy for L&G’s principal balance sheet.
Legal & General announces that it has entered into a joint venture partnership with Cardiff-based developer, Rightacres, to deliver the Central Square masterplan designed by Foster + Partners, one of the City of Cardiff Council’s priority regeneration schemes.
Legal & General Capital (LGC), working in partnership with Legal & General Property (LGP), announces that it has acquired a 50% stake in Thorpe Park Leeds, a 200 acre mixed-use business development site in East Leeds, entering into a Joint Venture (JV) with Scarborough Group International (Scarborough Group).
Legal & General Capital ("LGC") today announces the successful €447m first close of Pemberton Asset Management’s inaugural European Mid-Market Debt Fund, which brings together investors from large blue-chip financial services and insurance companies across Europe.
Legal & General Capital (LGC) announces that it continues to execute its strategy to invest in and professionalise UK Private Rented Sector (PRS) and, as part of this, has secured its second investment in the Build to Rent market.
A new research report released today by Legal & General, together with the Centre for Economics and Business Research (Cebr), has quantified the size and shape of the UK’s "Last Time Buyer"1 (LTB) market for the first time.
The Bracknell Regeneration Partnership ("BRP"), a 50:50 Joint Venture between LGC and Schroder UK Real Estate Fund ("SREF"), announced that is has successfully agreed a 20,000 sq ft pre-let to Arcadia at its Northern Retail Quarter development in Bracknell Town Centre.
Legal & General Capital ("LGC") has announced that it has successfully completed the purchase of a 50% interest in the Peel Group’s landmark MediaCityUK scheme at Salford Quays in Manchester, which is currently valued at £503 million.
Legal & General has announced its first investment in the UK Private Rental Sector (PRS) market and plans to become a major owner of rented accommodation; seeing it as an ideal new institutional asset class for long term investors, and with an appetite to invest up to £1bn in the sector.
Legal & General Capital (LGC) announced plans to build 1,000 new homes at Crowthorne in Bracknell.
The Bracknell Regeneration Partnership ("BRP"), a 50:50 Joint Venture between Legal & General Capital ("LGC") and Schroder UK Property Fund ("SPF"), together with Bracknell Forest Council, announce that they have gone unconditional on the major development of the Northern Retail Quarter. This news paves the way for construction to commence in Spring 2015.
Legal & General Capital and Dutch pension fund manager, PGGM, have today announced the launch of a London Office joint venture partnership and successfully completed its first £67 million investment – 72 Broadwick Street in Soho. The joint venture initially has an allocation of circa £375 million to invest.
Legal & General has become a strategic investor in Pemberton Asset Management Holdings Limited (“Pemberton”), as it launches a new Direct Lending platform for institutional investors. Pemberton through the new platform will provide much-needed loans and private placements to mid-market companies in the UK and Europe, focusing on companies with a turnover between €100 million and €1 billion.
Asset manufacturing with our capital, Paul Stanworth, Managing Director, Legal & General Capital
Financing long term economic growth, Laura Mason, Director of Direct Investments, Legal & General Capital
Legal & General launched its “Let’s House Britain” at a seminar of housing experts. The report outlines key issues around housing and calls for consensus on how to tackle the supply side problem of how to build more homes in the UK.
A new research report released by Legal & General, together with the Centre for Economics and Business Research (Cebr), has quantified the size and shape of the UK’s “Last Time Buyer”(LTB) market for the first time.