Media City

The UK Government’s debt position is at odds with the need to build infrastructure and property to support to economy. There is also a lack of investment in modern clean energy solutions to support future demand an requirements. Private long term investment is therefore required to sit alongside Government spending in order to facilitate major projects.  LGC is committed to investing in UK Infrastructure, with a main focus on:

  • City Centre development

  • LEP initiatives

  • Clean Energy

Noteworthy examples of our INFRASTRUCTURE activities to date include:

  • In February 2016,LGC announced the successful final closeofNTR’s wind investment fund,NTR Wind 1, with the addition of a further €50 million securedfromStrathclyde Pension Fund and €35 million from the Ireland Strategic Investment Fund, bringing the equity in the fund to a hard cap total of €250 million.
    clean energy
  • In December 2015, LGC 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.  The fund will build up to 270MW in capacity, which could generate sufficient electricity to power up to 170,000 homes and avoid more than 300,000 tonnes of CO2 per annum across the UK and Ireland.  
  • In September 2015, LGC entered into a joint venture partnership with Cardiff-based developer, Rightacres, to deliver the £400m Central Square masterplan, on of the City of Cardiff Council's priority regeneration schemes.  The prime 12-acre mixed-use city centre regeneration scheme is set to create over, 10,000 local jobs and facilitate significant economic growth.
  • In August 2015, LGC committed £162m to Thorpe Park Leeds, a 200 acre regeneration site in East Leeds which has consent for a 1.35m sq ft mixed-use scheme. Representing the first project to be delivered through RIO, in joint venture partnership with Scarborough Group, L&G will deliver 13,000 local jobs while potentially unlocking the construction of 7,000 new homes in the East Leeds area through key infrastructure improvements.
  • In April 2015, LGC, together with Schroder UK Property Fund, started on site on its major £240m redevelopment of Bracknell Town Centre. At over 800,000 sq ft, including new and existing areas, the transformation of Bracknell Town Centre will be one of the largest regeneration schemes to open in the UK in 2017.
  • In March 2015, LGC purchased a 50% interest in the £503m MediaCityUK scheme in Salford, alongside the Peel Group, which together they plan to strategically develop, regenerating the wider area. MediaCityUK is the largest purpose-built creative, digital and technology community in Europe. The mixed-use scheme covers an area of c.35 acres, of which approximately half is yet to be developed.
  • In January 2015, LGC announced that it is working with the government’s Regeneration Investment Organisation (RIO) and that it will allocate up to £1.5bn to invest in urban infrastructure projects alongside capital from international investment partners.
  • In 2001, the English Cities Fund was established.  A partnership between LGC, the HCA and Muse Developments, it is successfully delivering over 5.4m sq ft of mixed-use space, including hundreds of new homes, bringing back into productive use acres of brownfield land across schemes in Salford, Canning Town, Plymouth, Wakefield and Liverpool.

Contact Details

Strategic Business enquiries:

For Press enquiries:
020 3124 2720

Call charges will vary. If you’re contacting us by email please remember not to send any personal, financial or banking information because email is not a secure method of communication.


Our acquisition in MediaCityUK is a significant step forward in our direct investment into major UK infrastructure and real estate assets


Paul Stanworth,
Managing Director, LGC 4th May 2015