News

Filter by category:

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 enhances in-house later living expertise with two key hires

Legal & General expands its Future Cities business with new hires

Legal & General Capital (Legal & General) announces the appointment of Jennie Hill as Chief Commercial Director and Alexandra Brown as Senior Development Manager of its Future Cities business

Staff begin moving into new broadcast centre at Legal & General’s Cardiff regeneration project

Staff members have begun moving into BBC Wales’ new broadcast centre, located in Cardiff Central Square, the major £450m regeneration scheme which is being funded by Legal & General

Sky to develop major new studio at Elstree

Over 2,000 new jobs and £3bn production investment in UK creative sector expected in first 5 years alone.

Legal & General commits £100m to Sunderland regeneration, supporting 3,000 new jobs

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.

Paul Miller, MD of principal investing, to leave Legal & General Capital

Legal & General (“L&G”) announces that Paul Miller, Managing Director of Principal Investing at Legal & General Capital (“LGC”), has decided to leave the company to pursue new opportunities.

Legal & General invests £750m into developing new affordable housing

Legal & General Affordable Homes appoints former CapCo Director, Anette Simpson, as Director of Development and Partnerships as it continues its ambitious expansion.

Legal & General expands its urban later living business with new site in Walton-on-Thames

Guild Living, Legal & General’s new operator and developer of urban later living accommodation, announces the acquisition of a prime 2.5 acre town centre site in Walton-on-Thames

Legal & General seals another deal on £400m Cardiff regeneration project, including Wales’ largest build to rent scheme

Legal & General launches rental offer at later living communities

Legal & General announces that is has launched homes to rent to the later living sector through Inspired Villages, its suburban later living business.

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 brings its first affordable homes to market

Legal & General Affordable Homes (Legal & General) announces that it has secured its first four affordable schemes, comprising 278 new homes in Croydon, Cornwall, Dunstable and Shrivenham.

Legal & General secures major letting with Quilter at city office development

Legal & General’s new retirement housing business bolsters senior management team

Guild Living, an operator and developer of urban later living communities launched by Legal & General last month, announces that it has made four senior appointments as part of its ambitious recruitment campaign to support its growing business.

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 launches Guild Living, bringing retirement communities to UK city centres

Guild Living plans to deliver over 3,000 new homes in the next five years, meeting the UK's longevity and urbanisation needs.

Legal & General invests in UK leading electric vehicle charging business

Legal & General Capital (“Legal & General”) announces that it has taken a c.13% stake in Pod Point, one of the UK’s largest electric vehicle charge point operators.

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 selected to regenerate Bath Quays North as it continues to transform cities across the UK

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.

Legal & General leads modular revolution with Silva Homes deal in Bracknell

Legal & General Modular Homes (Legal & General) announces that, having signing an agreement with external client Silva Homes, it has delivered its first precision-engineered modular homes to Legal & General Homes’ newest development Buckler’s Park in Crowthorne, near Bracknell.

Legal & General becomes a registered provider of social housing

Paul Miller to become Managing Director, Principal Investing, Legal & General Capital

Legal & General is pleased to announce that Paul Miller, Group Strategy and M&A Director will take up the new role of Managing Director, Principal Investing in Legal & General Capital (LGC).

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 invests in property tech supporting future cities

Legal & General Capital (Legal & General) announces that it has invested in WiredScore, a rapidly growing property technology company and global leader in digital connectivity certification for commercial property.

The Queen visits The Lexicon in Bracknell

Her Majesty The Queen visited The Lexicon shopping centre in Bracknell to see how the town centre has been regenerated.

The Springs launches at Legal & General's Thorpe Park Leeds

Legal & General and its joint venture partner Scarborough International Properties Limited (SIPL) announce that The Springs, the 350,000 sq ft retail and leisure destination at Thorpe Park Leeds has now officially opened to the public.

UK’s largest science and technology property partnership formed between Legal & General and Bruntwood

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.

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.

Legal & General launches affordable housing arm

Legal & General Homes expands Senior Team as it continues to grow its pipeline of new homes

Legal & General Capital (Legal & General) announces that it has made some key hires for its housebuilding arm, Legal & General Homes. As it continues to expand within the house building sector, Legal & General Homes is dedicated to becoming the residential developer of choice in the UK.

BBC take the keys to the door of new headquarters

Legal & General, in partnership with Rightacres Property Company, announces that it has officially handed over the new BBC Cymru Wales headquarters at Central Square, Cardiff to BBC Director General, Lord Hall.

Legal & General Capital acquires full ownership of CALA Homes

Legal & General Group announces today that its Legal & General Capital division has acquired the 52.1% of CALA Homes which it did not previously own. Transaction announcement and completion occurs simultaneously. The business has performed strongly under our joint ownership with Patron Capital Partners, with revenues growing threefold from £241m in 2013 to £748m in 2017, and profits growing at a CAGR of 12% over the last three years.

Legal & General hires John Cummins as MD of Urban Regeneration and Clean Energy

Legal & General Capital (“LGC” / “Legal & General”), the principal investment arm of Legal & General Group, announces that it has hired RBS’ former Group Treasurer, John Cummins, as the Managing Director of Urban Regeneration and Clean Energy.

£200m boost for regeneration as the English Cities Fund doubles in size

The English Cities Fund – a partnership between three of the UK’s leading regeneration and investment organisations – has announced that it will double its investment in cities and towns in England to £200m.

FY results: record year for L&G’s Housing platform as it continues to expand delivery

Upside Energy, Legal & General’s latest clean energy investment secures government funding for three projects

Upside, the British start-up, backed by Legal & General and SYSTEMIQ, announces government funding for three projects to better connect electric vehicles to the electricity grid.

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's Thorpe Park Leeds scheme reaches critical infrastructure milestone

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 continues to build housing team

Legal & General (L&G) announces that it has hired Grainger’s Sebastian Balcombe, as it continues to invest in housing creation activities across the spectrum.

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 wins best of the best at industry awards

Legal & General (L&G) announces that The Lexicon Bracknell has picked up two awards at the 2017 Revo Gold Awards. It scooped top prize in the Re:new category for projects that have positively impacted their surrounding environment and was also voted ‘Best of the Best’ across all categories, decided by a live poll of the thousand guests that attended the Revo Annual Dinner.

Management changes: LGC and LGR

Legal & General management changes: Kerrigan Procter becomes CEO of LGC; Chris Knight and Laura Mason promoted to CEOs of LGR Retail and LGR Institutional.

Paul Stanworth standing down as CEO of LGC

Legal & General today announced that Paul Stanworth was stepping down as CEO of Legal & General Capital (LGC).

Continued success for the Lexicon Bracknell

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.