14 April 2016

L&G 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).

This latest addition brings the joint venture's current pipeline to nearly 800 new homes, with a total capital commitment of over ,~250m.

Through the creation of a new build to rent asset class, Legal & General is looking to use its long term capital to help address the chronic long term lack of supply of housing and meet the increasing demand for affordable, quality rental accommodation.