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Housing.

There is currently a severe housing shortfall in the UK. The country needs 250,000 new homes each year, a target that has been missed by 100,000 units annually in recent years. City living, modern working trends and the fact that people are living for longer is only exacerbating the problem.

Through our housing platform, we are developing more homes to buy, introducing a new standard in modern rental accommodation and tackling house-building supply through modular construction. LGC has announced its recent acquisitions into later living as well as looking for new opportunities to increase the delivery of affordable homes. Looking to help provide the UK’s population with high quality, affordable living at all stages in their life cycle, LGC aims to become the leading provider of homes by 2021.

The key market fundamentals includes:

  • UK housing market worth £5tn
  • Residential is the world’s largest asset class, yet least institutionalised in the UK
  • House building lagging 50% behind the required target of 250,000 new homes per year
  • Rise of ‘Generation Rent’
  • Build-to-Rent market expansion, bringing total to 5.7m private renters by 2018
  • Only 7.2m households will have a mortgage by 2025
  • Innovation is required in construction and housing to tackle chronic skills shortages
  • 65+ population forecast to grow by 50% by 2033
  • Existing stock not fit for purpose; 49% of accidental deaths in 65+ are linked to falls in the home
  • 5.3m under occupied homes

Examples of housing investment activities

Inspired Villages Group - Later Living
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CALA Homes – residential build-to-sell 
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Build to Rent – residential build-to-rent JV with PGGM
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Legal & General Homes – residential build-to-sell
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Legal & General Modular Homes – modular homes factory
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