Legal & General completes latest regeneration deal with Newcastle Science Central investment.
Legal & General Capital (LGC) has completed its investment into Newcastle Science Central in partnership with Newcastle City Council and Newcastle University to deliver a major UK hub for scientific research and technology business. LGC's latest transaction follows a year of significant deals into UK-wide regeneration, housing, infrastructure and technology projects.
Nigel Wilson, Chief Executive, Legal & General Group, commented: "Our patient capital is being invested to develop UK cities so that they have the opportunity to succeed in science and technology innovation. The ,~350 million Newcastle Science Central scheme, alongside our other investments including our ,~150 million co investment in ADV will support UK-wide technology start-ups, creating jobs and boosting the economy."