Kensa and Legal & General celebrate a greener future with official factory & office opening
On Friday, 2nd December, Sir Nigel Wilson, CEO of Legal & General, officially opened the UK’s largest production facility dedicated to ground source heat pumps* The Kensa Group’s factory and office in a celebration of British manufacturing, green growth, and progress towards a low carbon economy.
MTVH and Legal & General Affordable Homes shared ownership JV will help nearly two thousand families get a foot on the housing ladder
Housing association MTVH via its shared ownership brand So Resi, and Legal & General Affordable Homes (LGAH) have joined forces to create a 50:50 joint venture targeting the delivery of over 2,500 shared ownership and affordable rent homes over the next seven years.
Legal & General Modular Homes selected as preferred developer for major Wolverhampton residential Canalside South scheme
Legal & General Modular Homes has been selected by the City of Wolverhampton Council as its preferred developer from a strong field of contenders for one of the largest city centre residential development opportunities in the Midlands.
Over one-in-ten UK households have nothing left to cut back on in the face of further energy price rises, Legal & General finds
According to Legal & General’s Rebuilding Britain Index, announced today, the UK’s cost of living crisis will lead to nearly 70% of the UK making additional cutbacks on household spending.
Professor Sir Michael Marmot joins Mayor Driscoll, Sir Nigel Wilson, and leaders from across the region to improve health equality
On Monday 20 June, internationally renowned epidemiologist Professor Sir Michael Marmot led a roundtable to discuss how the public sector and business can improve people’s lives by reducing health inequality.
Legal & General Capital makes first U.S. investment, with seed capital for $4 billion platform to fund major life science and technology assets across multiple regional U.S. markets
Legal & General Capital and U.S.-based real estate developer Ancora establish landmark 50:50 partnership as LGC internationalizes its platform to drive shareholder value.
Legal & General announce £4bn investment commitment, working in partnership with West Midlands combined authority
West Midlands Combined Authority (WMCA) Mayor, Andy Street, and Legal & General CEO, Sir Nigel Wilson, have today signed a partnership agreement and committed to invest £4 billion in regeneration, housing and levelling up across the West Midlands.
Employment, housing and education are key in addressing the UK’s health and wellbeing inequalities
The latest edition of Legal & General’s Rebuilding Britain Index (RBI) shows improvements across jobs and the economy are offset by a worrying downward trend in Britain’s access to healthcare and housing.
SciTech Market Spotlight
The science and technology sector continues to experience unprecedented growth and commands international intention. This series of reports explore the health and economic outlook of the UK’s science and technology sector, analysing trends in business and the economy, property, private equity and venture capital.
Delivering a step change in affordable housing supply
Increasing the supply of affordable housing requires new and innovative ways to fund the sector. This report backed by British Property Federation aims to demystify some of the financial and operational challenges and realities facing the participants in the affordable housing sector.
Rebuilding Britain Index
Working in collaboration with our research partners Cicero/AMO, our goal is to firmly establish the Rebuilding Britain Index in providing local communities with a strong voice in identifying their investment priorities. This will help to channel investment into those areas which will make the greatest difference in the quickest timeframe.
Podcast: Are businesses and investors really serious about improving our health?
The covid-19 pandemic shone a spotlight on the importance of health. John Godfrey Head of Corporate Affairs at Legal & General joined Catherine Howarth, Chief Executive of ShareAction on The Housing Foundation podcast to discuss why businesses and institutional investors should be considering health in the ESG reporting.
Legal & General and Hodge announce multimillion investment into net zero enabler Sero Technologies to reduce emissions within the residential housing sector
Sero has developed industry leading digital tools and expertise to design and deliver cost effective low carbon solutions for both new build and existing homes.
Legal & General Affordable Homes secures planning permission for over 200 homes at Chatham Waters in Kent
Legal & General Affordable Homes (LGAH) and Peel L&P have secured planning permission from Medway Council to deliver 237 affordable homes as part of the next phase of regeneration at Chatham Waters.
Legal & General sells stake in MediaCity to LandSec
Legal & General announces that it has sold its stake in MediaCity, Europe’s leading, digital, media and tech hub to LandSec, as part of its dynamic approach to recycling profits and investing in new projects which are reviving town and city centres across the UK.
Household inequalities threaten UK target of Net Zero emissions by 2050
Latest research, published as part of the latest edition of the Legal and General Rebuilding Britain Index (RBI) shows that there is a real risk of less affluent communities being left behind in the transition to clean and green technology at a household level.
Data centres to drive fifth industrial revolution and long term health solutions
History has been shaped by industrial revolutions since the seismic shift in the 18th century which saw machines taking over from hands in manufacturing goods. Fast forward to the present day and we are on the brink of the fifth industrial revolution.
Bristol City Council secures £350m investment from Legal & General for Bristol Temple Island Regeneration
With a focus on social inclusion through affordable housing, training and employment opportunities, Temple Island will support the city’s plans to build back better and back the creation of 2,000 new jobs.
Enabling Smart Local Energy Systems: Finance and Investment
Alongside other leading UK investors and local authorities, we shared our knowledge and experience of investing in clean energy, to help inform the insight and adoption paper, enabling the Energy Revolution Integration Service (ERIS) to set out key recommendations to help accelerate progress to net zero.
Who is funding UK’s battery and fuel cell drive?
John Bromley, our head of Clean Energy strategy was invited by The House of Lords Science and Technology Committee to provide evidence on how the UK can attract the finance necessary to deliver batteries and fuel cells to help achieve its net-zero ambitions.
Legal & General, Bruntwood and the University of Manchester join forces to deliver new £1.5bn innovation district in Manchester
Bruntwood SciTech, a partnership between Legal & General and Bruntwood, announces that it will partner with the University of Manchester to deliver ID (Innovation District) Manchester, a new £1.5bn innovation district across four million sq ft in the centre of the city
Legal & General grows residential pipeline to tens of thousands of homes as it adds two new retirement schemes to its portfolio
As a leading provider of housing, with a commitment to tackling the UK’s chronic undersupply, its residential platform continues to expand across all tenures, ages and demographics, with construction delivered both traditionally and through Modern Methods of Construction. Legal & General’s residential pipeline now stands at tens of thousands of homes in operation or development.
Work begins on Birmingham’s first smart-enabled building, Bruntwood Scitech’s Innovation Birmingham Campus
The construction of Birmingham’s first smart-enabled building, Enterprise Wharf, is now underway at the Innovation Birmingham Campus, part of the Bruntwood Scitech network, in what is a major boost to the city’s economic recovery.
Levelling up must be supported by jobs in the North and homes in the South, finds Legal & General’s new Rebuilding Britain Index
The Legal & General Rebuilding Britain Index (RBI), launched today, reveals that provision of jobs and good quality affordable housing will define the UK’s progress in building back better.
Legal & General appoints Suburban Build to Rent leadership team, as it looks to deliver 1,000 new homes a year
Legal & General announces the appointment of its Suburban Build to Rent (SBTR) senior leadership team, bringing in skills from across some of the UK’s leading property companies to accelerate the growth of family rental communities across the UK.
Hybrid working must be key to Government plans for regeneration and growth, says new report
Post Pandemic Places, a major new report from cross-party think tank Demos, commissioned by Legal & General, has found that huge increases in home working, coupled with a desire for continued flexibility, could support significant increases in local spending.
Post Pandemic Places Research Report
A new report by cross-party think-tank Demos, commissioned by Legal & General, reveals that flexible working beyond the pandemic could drive the UK’s economic recovery by encouraging individuals to spend locally and creating a more inclusive post-pandemic recovery. We are committed to doing our part to help the UK bounce back. Our latest research explores the opportunities for investment that will help drive economic and social resurgence post-pandemic.
Legal & General acquires and begins construction on major modular homes scheme in Bristol
Legal & General Modular Homes announces that it has acquired and started on site at a major modular homes scheme in Lockleaze, Bristol. The scheme, which has been developed in conjunction with Bristol City Council, is set to deliver 185 new homes, comprising two- to four- bedroom houses along with one- and two-bedroom apartments developed on land at Bonnington Walk. Show homes are scheduled to be onsite and available to look around as early as this Summer.
Bruntwood SciTech expands into the ‘Golden Triangle’ with major new acquisition and strategic partnership in Cambridge
Bruntwood SciTech - the 50:50 joint venture between Bruntwood and Legal & General - announces its expansion into the ‘Golden Triangle’ through the acquisition of Melbourn Science Park in Cambridge.
Bracknell regeneration picks up pace with the addition of Sports Direct to the Lexicon
The Lexicon, the joint venture partnership between Legal & General Capital and Schroder UK Real Estate Fund, has announced that Frasers Group plc will be taking 40,000 sq ft at the scheme for its Sports Direct, USC, GAME and Evans Cycles brands.
Legal & General and Oxford University gain planning consent for new £200m life sciences building, designed by NBBJ
The University of Oxford and Legal & General have achieved planning permission for The University of Oxford’s largest ever building project, the Life and Mind Building, representing a major milestone for the £4bn Oxford University Development (OUD) partnership and its first landmark scheme.
Legal & General launches new Suburban Build to Rent arm, as it looks to deliver 1,000 new family home a year
Legal & General Capital (LGC) announces the launch of its new Suburban Build to Rent (SBTR) business which will develop large scale ‘single family’ rental communities in suburban locations across the UK.
Legal & General donates £5m to Newcastle to pioneer new post-COVID approach to elderly care
Legal & General and Newcastle City Council today announce a new £5m charitable partnership to enhance elderly care in the city, placing Newcastle at the forefront of development of ground-breaking changes to the way we care for older people.
Legal & General acquires second site in Hampshire for £100m retirement community
Inspired Villages, Legal & General’s later living business, announces that it has expanded its presence in Hampshire through the acquisition of a 10-acre site in Chandlers Ford, for the delivery of a new retirement community.
Legal & General expand its Build to Rent offer with second site in Birmingham
Legal & General announces, on behalf of its Build to Rent Fund (BTR Fund) and Access Development Partnership (a joint venture between Legal & General Capital and PGGM), that it has agreed the funding of a £100 million development site at Hockley Mills, within the Jewellery Quarter Conservation Area in Birmingham town centre.
Bruntwood SciTech appointed as development partner for £210m Birmingham Health Innovation Campus
The development of Birmingham Health Innovation Campus (formerly known as Birmingham Life Sciences Park) has taken a major step forward today, with the announcement of a new long-term partnership between the University of Birmingham and the UK’s leading property provider for the science and technology sector, Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General.
Legal & General commits to net zero carbon across its housing portfolio
Legal & General announces that it is to make all of its new housing stock operational net zero carbon enabled by 2030. This will be implemented in a phased approach across all homes invested in or built by Legal & General Group including: Build to Rent, Build to Sell, later living and affordable housing.
Legal & General ensures high speed connectivity across more than 1,000 homes
Legal & General announces that it has committed 2 million sq ft of its commercial real estate portfolio and over 1,000 residential homes to WiredScore certification (Wired Certification), an international digital connectivity rating scheme evidencing the speed and reliability of a building’s digital connectivity.
Legal & General’s affordable housing business completes first deal to back growing pension risk transfer business
Legal & General has provided £100 million of long term debt financing to its affordable housing business, as it opens the door for UK pension money to back the provision of much-needed affordable housing.
Legal & General partners with 14 housing associations to deliver its pipeline of 3,500 affordable homes
Legal & General Affordable Homes (“Legal & General”) announces that it has partnered with 14 established housing associations and providers to form a panel which will lead its housing operations across the UK.
Legal & General acknowledge the importance of cultural infrastructure within future cities
In a new report commissioned by Legal & General, architects, property developers and local planners need to better prioritise music venues and listen more closely to artists and performers when designing regeneration schemes.
The importance of music and culture
Architects, property developers and local planners need to better prioritise music venues and listen more closely to artists and performers when designing regeneration schemes. Our report ‘This Must Be The Place’ proposes key recommendations to foster culture across the built environment, providing a long-term plan for redeveloping UK cities
Legal & General commits £4bn to Oxford University partnership, creating a blueprint for future cities
Legal & General announces that it has formed a 50:50 partnership with Oxford University to develop homes for University staff and students, together with science and innovation districts in and around Oxford.
Legal & General to develop flagship Build To Rent scheme in Wandsworth delivering 1,000 new homes
Legal & General announces that is has exchanged contracts on two adjacent sites in Wandsworth which will combine to deliver its largest Built To Rent (BTR) scheme to date. The scheme has been acquired by the Legal & General BTR Fund, PGGM and Legal & General Capital.
Legal & General selected to regenerate Bath Quays North as it continues to transform cities across the UK
Legal & General, in partnership with Bell Hammer, is pleased to announce that it has been selected by Bath & North East Somerset Council as their development partner for Bath Quays North. Legal & General recognises that UK cities need significant investment to adapt, change and innovate and is committed to working with partners to help future-proof the regional economies of cities.
Legal & General to deliver 2,750 multi-tenure homes in Horsham
Legal & General Capital (Legal & General) has acquired control of a 500 plus acre multi-tenure development site in Horsham, West Sussex as part of its ambition to tackle the UK’s housing crisis by scaling up overall housing delivery and providing homes for all ages, tenures and social groups.
Legal & General partners with Goldacre for uk data centre deal, providing digital infrastructure for future cities
Legal & General Capital (“Legal & General”) announces that it has invested in The Kao Data Campus (“Kao”), a state-of-the-art £230m data centre development servicing the London to Cambridge corridor. Kao was named in honour of Nobel Prize winning physicist Sir Charles Kao, who pioneered the use of fibre optics at the site of Kao’s first data campus development.
Legal & General acquires first BTR scheme in Scotland
Legal & General announces that it has exchanged contracts on its first Build To Rent (BTR) scheme in Scotland as it seeks to meet the increasing demand for affordable, quality rental accommodation across the UK. Legal & General will forward fund Drum Property Group to deliver 324 apartments within Glasgow’s new Buchanan Wharf waterside regeneration area, which will also house the new Northern European hub of Barclays Bank.
Commitments of 229 million euros secured by NTR for its second renewable energy income fund
Dublin, January 3, 2019: NTR plc today announces that it has attracted commitments of €229 million for the NTR Renewable Energy Income Fund II, of which €145 million has been secured for the fund’s first close.
Legal & General wins Social Value Award
Legal & General Capital is pleased to announce that its housebuilding arm, Legal & General Homes has won a prestigious award for its Buckler’s Park development in Crowthorne. Legal & General Capital is committed to using its patient capital to unlock and create economic, social and environmentally useful investments across the UK.
Legal & General set to deliver 1500 new homes as it acquires second major Berkshire site
Legal & General announces that it has acquired a 272 acre site in Arborfield, Wokingham. Helping to address the UK’s chronic housing shortage, Legal & General will apply its unique multi-tenure approach in order to speed up housing delivery, reducing the time taken to deliver these homes by over five years.
UK’s largest science and technology property partnership formed between Legal & General and Bruntwood
Bruntwood and Legal & General Capital (Legal & General) have established a landmark 50:50 partnership to create the UK’s largest property platform dedicated to driving science and technology growth in regional cities.
Legal & General makes key hires for new affordable housing business
Legal & General is pleased to announce the appointment of Ben Denton as Managing Director of Legal & General Affordable Homes, expanding its key leadership team to meet its ambition of becoming the leading private affordable housing provider in the UK
Legal & General breaks ground at Newcastle Helix as it drives forward UK urban regeneration programme
Legal & General announces that it has started construction of its flagship office building, The Lumen, at Newcastle Helix, as part of the initial £65 million it has invested in the site. This is the largest city centre office building, with private sector funding, to be constructed in the last decade.
Recognising the need for change
For many years, the later living sector has seen chronic underinvestment. Our latest report (published in May) identified that there are now 3.1million households, aged 55 and over, looking to downsize now or in the future. Nearly half of these, however, said there were no suitable properties available, further highlighting a staggering under supply of appropriate later living housing.
FY results: record year for Legal & General’s Housing platform as it continues to expand delivery
In its full year results (to 31 Dec 2017), Legal & General Capital (LGC) announces that its Direct Investments portfolio increased by 28% to £1.45bn (2016: £1.137bn) and delivered an operating profit of £124m (2016: £121m). As part of this, in the housing sector LGC increased its assets under management to £588m (2016: £392m) as it continues to develop operating businesses to deliver its multi-tenure residential offering.
Inspired Villages Group acquires 7th later living scheme as it continues to accelerate its development pipeline
Inspired Villages Group (“IVG”), an operator and developer of later living accommodation established by Legal & General in August 2017, announces the acquisition of Ledian Farm, Leeds Village in Kent, as it continues to deliver its ambitious growth plans to provide service-led later living communities across the UK to meet the needs of the most underserved housing sector.
Inspired Villages Group hires Shaun Whelan and Bernadette Koltai as it looks to recruit 100 new hires in 2018
Inspired Villages Group (“IVG”), an operator and developer of later living accommodation established by Legal & General in August 2017, announces its ambitious recruitment programme for 2018 making it the fastest growing company in the later living housing sector.
Legal & General Homes announces public consultation for its Oxfordshire site
Legal & General Homes announces that it is holding a public exhibition for its 78-acre site in Shrivenham, Oxfordshire on Tuesday 20 February. The proposals aim to address the housing supply crisis by providing much-needed high quality market and affordable homes, from one-bed apartments to four-bed detached family homes.
Legal & General set to deliver Brighton’s first Build to Rent scheme
Legal & General announces that it has exchanged contracts to acquire land in the centre of Brighton in order to deliver the city’s first ever Build to Rent (BTR) development. This latest acquisition represents the seventh UK city to which it will bring its new rental offer.
Legal & General, SYSTEMIQ and Modern Energy invest in Upside Energy, a demand-side response Platform
Legal & General Capital, the principal investment arm of Legal & General Group, and SYSTEMIQ, a purpose driven investment and advisory firm established in 2016 to tackle system failures, have co-led the Series A investment in Upside Energy (“Upside”).
Legal & General Homes acquires Prime Oxfordshire housing site
Legal & General announces that it has acquired a 78-acre site in Shrivenham, Oxfordshire from a client of Welbeck Strategic Land. With outline planning for 515 new homes, it represents the third major site being brought forward by Legal & General’s housebuilding arm, Legal & General Homes, bringing its housing pipeline to over 3,000 new homes
Legal & General drives forward UK Urban Regeneration programme with planning success at Newcastle Science Central
Legal & General announces that it has secured planning for its second Grade A office building at Newcastle Science Central, as it continues to transform cities and regions across the UK, boosting local jobs and driving economic growth.
The Big Bang moment
The UK’s chronic housing crisis is well versed, but retirement housing is the single-most underserved sector within the UK’s residential market. Over 3m over 65s are looking to downsize but only 7,000 housing with care properties are being built each year while the UK suffers from spiralling health and social care spend. I believe the big bang moment to this sector is the long term, institutional money now entering the market which can be pivotal in addressing this social and economic issue.
Legal & General: Investing in a sustainable world
The UN Sustainable Development Goals - also known as the ‘Global Goals’ or ‘SDGs’ – are a plan to end poverty, extreme inequality, and climate change by 2030. Agreed in 2015 by world leaders, these goals can only be achieved with the support of businesses like Legal & General.
Legal & General acquires Renaissance Villages from Helical
Legal & General announces the acquisition of a later living business called Renaissance Villages (RV) for a net purchase price of around £51m from Helical Plc. The business will be integrated into Inspired Villages Group, a best in class operator and developer of later living accommodation, which Legal & General acquired in August this year.
The sale of two Central Square in Cardiff
Legal & General Capital (“Legal & General”) announces that it has agreed the sale of Two Central Square, a Grade A office development in the centre of Cardiff to Credit Suisse Asset Management (“Credit Suisse”), for £56.5m, reflecting a net initial yield of 6.25%. The property is currently being developed by Rightacres. Legal & General will use the proceeds from the sale to reinvest into other similar real asset backed economic growth opportunities and remains committed to the regeneration of Ca
Legal & General is set to bring build to rent offer to Birmingham
Legal & General has today announced that it has agreed the funding of a prime Birmingham Build To Rent (BTR) development site known as Newhall Square for a total sum of £53m. Representing the sixth UK city to which it will bring its new rental offer, this latest investment brings its total pipeline of BTR units to over 1,700.
SalaryFinance Announces £40m Investment Round
SalaryFinance, the innovative financial wellbeing employee benefits firm, today announces it has completed a £40m funding round (subject to Financial Conduct Authority approval). The round was led by FTSE 100 financial services firm Legal & General with founding investor Blenheim Chalcot, the U.K.’s leading digital venture builder, also participating.
Ryder Architect appointed to deliver next phase of major Newcastle urban regeneration project.
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.
Pemberton named Global Fund Manager of the Year.
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.
Last time buyers
The UK housing market is at a crunch point. A generation of young people are locked out of the market - the first generation to be worse off than the one before them and unable to think about buying a property unless The Bank of Mum and Dad is on hand to help with their deposit and assist with mortgage payments.
Legal & General completes latest regeneration deal with Newcastle Science Central investment.
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 grows clean energy platform with solar & fusion investments.
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 backed Pemberton closes 1.2B Euros inaugural fund affirming LGC's SME finance strategy.
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 backed Pemberton fund targets ,~500m.
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.
Planning submitted for Legal & General's first building at Newcastle Science Central
Legal & General has announced that it has submitted a planning application for the first of its grade A office buildings at Newcastle Science Central. Designed by international design practice, Ryder Architecture, the 100,000 sq ft office building will create modern workspace for over 1,200 people in the science, technology and the knowledge sectors.
Legal & General build to rent housing pipeline hits 800.
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).
Arcadia takes major pre-let at Bracknell.
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.
250m Euro close for NTR wind fund.
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 set to create over 400 jobs in Leeds.
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 makes major clean energy investment.
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.
BBC deal triggers Legal & General investment.
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.
Legal & General secures second RIO deal
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 commits ,~162m to Leeds Regeneration.
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).
Pemberton reaches 547m euros on European mid-market debt.
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 enters the growing private rental sector.
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 and Schroders commit to ,~200m regeneration of 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 has become a strategic investor in Pemberton.
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.