Legal & General signs largest affordable housing deal to date, creating hundreds of new homes in East London
Legal & General Affordable Homes announces the acquisition of its largest single scheme to date, Deanston Wharf, which will provide 207 new affordable homes within Ballymore’s Royal Wharf regeneration scheme in East London
As a result, Legal & General Affordable Homes’ development pipeline now stands at over 6,000 homes across the UK, with 1,000 homes currently in operation, worth a total Gross Asset Value of over £1bn.
According to research, 7.6 million people in England had at least one major housing problem relating to overcrowding, affordability or poor-quality housing going into COVID-19. With scarcity of affordable housing in the capital being particularly stark and development starts falling 66% during the pandemic, Legal & General is continuing to tackle the major health and wellbeing implications of poor housing in the areas which need it most. It now has over 1,000 affordable homes in operation or development within Greater London.