We want to make long-term, sustainable and socially useful investments in the UK's underlying infrastructure. Our approach is collaborative and we seek to work in partnership with experts, while establishing joint ventures and co-investing alongside forward thinking businesses and institutions with aligned interests.
Legal & General Property is the third largest institutional property manager in the UK, managing or co-managing 19 funds or vehicles with an aggregate asset value of over £16.5bn. Its UK-focused asset management platform has built and retained a strong track record of out-performance. Owing to its size, diversity and penetration, it benefits from best-in-class banking and property contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. As such, it acts as investment advisor and asset manager to Legal & General Capital in its real estate activities. For more information please visit their website.
Legal & General Capital purchased a 50% interest in the Peel Group's landmark MediaCityUK scheme at Salford Quays in Manchester, which is currently valued ay £503m. MediaCityUK is the largest purpose-built creative, digital and technology community in Europe, and the UK’s first media campus. The Peel Group is one of the leading real estate, infrastructure and transport enterprises in the UK, with assets under management of over £5 billion. Established by Executive Chairman John Whittaker more than 40 years ago, The Peel Group has grown through an ethos of recycling capital and delivering long-term investment, mainly in the North West of England. For more information please visit their website.
Legal & General Capital holds a 40% equity stake in Pemberton. The investment in Pemberton and the allocation of funding for loans and private placements enables Legal & General to accelerate its participation in the direct lending market, providing a new source of institutional funding to corporates over the long term. For more information please visit their website.
Through the Bracknell Regeneration Partnership, a 50:50 Joint Venture between Legal & General Capital and Schroder UK Property Fund, we are undertaking the major regeneration of Bracknell Town Centre in order to fundamentally change the landscape of the town. More than doubling the square footage of Bracknell’s shopping and entertainment offer, while providing green public spaces, the new scheme will be called the Lexicon Bracknell and is due to open in Spring 2017. For more information please visit their website.
Legal & General Capital holds an active 47.85% shareholding in CALA Homes, a direct investment made alongside Patron Capital in March 2013. CALA Group is one of the UK’s top 10 biggest housebuilders by revenue (following its acquisition of Banner Homes) and the UK’s most upmarket major house builder. It currently has a land bank of 14,236 plots, over half of which have outline planning consent. CALA also controls a further 11,227 plots of strategic land. For more information please visit their website.
Legal & General Capital and Dutch pension fund manager, PGGM, have established three strategic joint venture partnerships to date, comprising of the acquisition of the Bishopsgate Long Term Property Fund Unit Trust for £370m and the creation of a London Office investment vehicle with an initial allocation of £375m to invest, as well as the launch of a Build to Rent development partnership which will initially invest £600m into building purpose built private rental housing across the UK, providing over 3000 homes. For more information please visit their website.
In March 2013, Legal & General Capital invested alongside Patron Capital in CALA Homes. Established in 1999, Patron Capital Partners has evolved into one of the leading opportunistic real estate managers in Europe. Today Patron represents approximately €2.5 billion of capital across several funds and related co-investments, from prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe, the Middle East and Asia. For more information please visit their website.
Muse Developments is working in partnership with Legal & General Capital and the Homes & Communities Agency to bring forward the English Cities Fund′s portfolio of major regeneration schemes in Salford, Liverpool, Wakefield, Canning Town and Plymouth. Muse Developments is one of the country's leading names in mixed-use development and urban regeneration. A national developer - with regional operations in Manchester, London, Leeds and Glasgow - Muse is part of Morgan Sindall Group plc, a leading UK construction and regeneration group with revenue of over £2 billion which operates through five divisions of construction and infrastructure, fit out, affordable housing, urban regeneration and investments. For more information please visit their website.
The Homes & Communities Agency is working in partnership with Legal & General Capital and Muse Developments to bring forward the English Cities Fund′s portfolio of major regeneration schemes in Salford, Liverpool, Wakefield, Canning Town and Plymouth. It was created by government to identify and break through the barriers to institutional investment and pave the way for higher levels of private investment in the re-shaping of our towns and cities. For more information please visit their website.
LGC entered into a joint venture partnership with specialist real estate investor and developer, Scarborough Group International, in August 2015 when it acquired a 50% stake in Thorpe Park Leeds, a 200 acre development site in East Leeds. Together they will deliver phase two of Thorpe Park Leeds, which has consent for a 1.35m sq ft mixed-use scheme and is set to create a further 13,000 local jobs while potentially unlocking the construction of 7,000 new homes in the East Leeds area through delivering key road infrastructure. Scarborough Group has been involved with Thorpe Park Leeds for more than 20 years, having successfully built and sold the first phase of the scheme, and will act as development manager to the project, leveraging its unrivalled local development knowledge. For more information please visit their website.
Legal & General Capital entered into a partnership with Cardiff-based developer, Rightacres, in September 2015 to bring forward Central Square in Cardiff, a prime 12-acre, mixed-use regeneration scheme in the heart of the city centre. One of Wales’ prime development sites, located immediately to the north of Cardiff’s central train station, the regeneration of Central Square will comprise one million sq ft of space and is expected to become the focal point of the city’s Enterprise Zone. It is set to create over 10,000 local jobs and facilitate significant economic growth. For more information please visit their website.
NTR plc is a renewable energy investment management group that acquires, constructs and manages assets directly and for third parties. NTR plc brings sectoral expertise, financing capability and operational management to its clean energy investments. Founded in 1978, NTR plc has diversified into renewable energy investments and since 1999, through its associated companies, the company has constructed and operated 1.75GW of wind projects across the US, UK and Ireland. For more information please visit their website.
We choose to partner with forward-thinking international capital and market leaders in each sector, to ensure that like-minded capital has access to the most comprehensive market intelligence and skill sets