13 April 2016

Legal & General continues to strengthen housing team.

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.

James joins LGC from LGIM, having previously spent almost two years as Head of Residential within the Real Assets business. His new role is to explore all opportunities to increase Legal & General's exposure to the UK's residential sector, on behalf of its principal balance sheet, helping to boost Britain's housing supply across all tenures. As such, he has responsibility for the Group's strategic land assets, regeneration-led housing activities and major investment into the Build to Rent sector, as well as developing investment strategies in a number of other residential sub-sectors.

Acting as asset manager to LGC's ,~600m Build to Rent partnership with Dutch pension fund manager, PGGM, LGIM Real Assets is currently making three new hires in this area as it continues to build on its significant in-house residential development capability, leveraging its existing development track record to ensure a market leading approach to investing in this relatively new asset class. As such it is currently recruiting a transactions manager, operations manager and development manager to support its specialist Build to Rent team.