10 August 2015

L&G 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).

The joint venture will deliver phase two of Thorpe Park Leeds which has consent for a 1.35m sq ft mixed-use scheme. Thorpe Park Leeds is set to create a further 13,000 local jobs while potentially unlocking the construction of 7,000 new homes in the East Leeds area through the construction of the first section of the East Leeds Orbital Road, a key piece of road infrastructure.