Legal & General announces £200m funding of Oxford University innovation centre for Life and Mind sciences
Legal & General announces that it will fund and deliver a new sciences building with the University of Oxford to serve as a world-class home for their departments of Zoology, Plant Sciences and Experimental Psychology.
The new £200m ‘Life and Mind Building’ will be the largest building project ever undertaken on behalf of the University, and its largest teaching and research facility, significantly improving the way that psychological and biological tuition is undertaken in Oxford and helping scientists to solve some of our major global challenges.
Legal & General entered into a £4bn partnership with the University of Oxford in June 2019, forming Oxford University Development (OUD) in order to provide thousands of new homes for staff and students, as well a number of innovation facilities. Demonstrating how Legal & General’s diverse skillsets and capital streams can be put to work, the scheme will be funded by long-term annuity money from Legal & General’s retirement business, with Legal & General Capital acting as Developer and LGIM Real Assets as Development Manager.