Legal & General hires senior investment expert as it strengthens commitment to the housing sector
Legal & General Capital (LGC) announces the appointment of David Reid as Senior Investment Manager, supporting its ambitions to continue to expand its Build To Rent (BTR) investment activities. David will be responsible for managing LGC’s existing rental housing investments and providing leadership and innovation to new investment opportunities.
Since 2016, LGC has invested through a joint venture with PGGM in Legal & General Investment Management’s market-leading BTR platform. Alongside the joint venture, LGIM has raised significant pension fund capital for an open-ended BTR fund, creating a pipeline of attractive, high quality assets for its customers, and offering flexibility and security of tenure to renters. It now has over 5,000 homes completed, in planning or under development, across fourteen BTR schemes.
David will work closely with other Legal & General residential housing businesses- a fast growing housing platform that spans build-to-rent, build-to-sell, later living and affordable housing, and both traditional and modular construction- as well as the Future Cities team; looking at holistic regeneration of the UK’s towns and cities to provide new employment, increased productivity and wage growth and homes for all demographics and tenures.