10 March 2015

L&G take 50% stake in MediaCityUK, Salford.

Legal & General Capital ("LGC") has announced that it has successfully completed the purchase of a 50% interest in the Peel Group's landmark MediaCityUK scheme at Salford Quays in Manchester, which is currently valued at ,~503 million.

MediaCityUK is the largest purpose-built creative, digital and technology community in Europe, and the UK's first media campus. Its vision is to provide a global centre of excellence for innovation and creation, and to be a broadcasting hub enabling businesses to operate across all media sectors.