News

Legal & General Capital announces that it has taken a 36% stake in The Kensa Group

Legal & General Capital (LGC) announces the appointment of David Reid as Senior Investment Manager, supporting its ambitions to continue to expand its Build To Rent (BTR) investment activities

Jasan Fitzpatrick has been appointed Managing Director of Principal Investment, responsible for its investments in Venture Capital and SME finance; Build to Rent and Affordable Housing.

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

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.

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 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 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 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.

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

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 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 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.

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 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 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 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, 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.

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.

Legal & General Capital (LGC), the principal investment arm of Legal & General Group, with Woodford Investment Management and the British Business Bank, has today invested in Accelerated Digital Ventures (ADV), a new and innovative venture platform funding digital businesses across all stages of the funding cycle, from entry to exit.

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 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.

As it continues to invest in the creation of a new institutional Build to Rent Asset class, Legal & General Capital (LGC) announces that it has appointed James Lidgate as Director of Housing overseeing its residential investment strategy, while LGIM Real Assets is making three new key hires to support its growing pipeline of purpose built private rented assets.

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.

Pemberton Asset Management, the independent asset management group backed by Legal & General Capital, is delighted to announce that it has won Private Debt Investor magazine's prestigious Global Newcomer of the Year award.

In her newly expanded role, Laura Mason, Director of Direct Investments at Legal & General Capital (LGC), is responsible for setting the direct investment strategy for L&G's principal balance sheet.

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 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).

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 Capital and Dutch pension fund manager, PGGM, have today announced the launch of a London Office joint venture partnership and successfully completed its first ,~67 million investment - 72 Broadwick Street in Soho. The joint venture initially has an allocation of circa ,~375 million to invest.

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.