16 November 2015

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.

The BBC signing of a 20 year lease with five yearly RPI linked rent reviews allows Legal & General Retirement's annuity funds to invest in financing the 150,000 sq ft building.