Our schemes are funded using Legal & General’s £8bn Principal Balance Sheet, through Legal & General Capital (LGC), and by bringing in funding from other parts of our Group. Investing from the Group’s balance sheet gives us the flexibility to look beyond the size, volume and tenure requirements that limit many other institutional funds. Legal & General is involved in regeneration projects in cities such as Cardiff, Leeds, Bracknell, Newcastle and Salford, developing commercial, residential, leisure and infrastructure projects and creating thousands of jobs.
As investor and developer, Legal & General has delivered a new town centre in Bracknell with Bracknell Forest Council and Schroders, and is currently on site in Crowthorne, creating a 1,000 home community, a new primary school and public facilities. In Newcastle, we have formed a partnership with Newcastle City Council and Newcastle University, with Legal & General providing funding and development expertise. Legal & General has worked with a number of developer partners – both national and regional such as English Cities Fund (national) – Muse, Media City, Salford - Peel Developments, Central Square, Cardiff - Rightacres, Bruntwood SciTech (national) – Bruntwood and Thorpe Park, Leeds – Scarborough.