Legal & General enhances in-house later living expertise with two key hires
Legal & General Capital ("Legal & General") announces two key hires for its in-house later living division as it drives forward its ambitious growth strategy, with an aim to revolutionise the way we live in older age. Ben Rosewall, previously Senior Director in the Healthcare & Retirement Housing division at CBRE, joins the Later Living business as Head of Investment; and Dandi Li joins as Investment Manager, having previously held the role of Senior Associate at London & Regional Properties.
Today, there are more than 12 million over 65s in the UK and this figure is expected to increase by 50% over the next 20 years. By 2021, there will be 3.4 million last time buyer households in the UK, and only 7,000 retirement homes delivered to the market each year. The disparity between supply and demand is huge.