Investing in UK residential housing businesses

Backing a fast-growing pipeline of over 80,000 homes over the next five to ten years, we are committed to investing in housing for all ages, social groups and housing tenures. 

These include affordable housing, build-to-rent and build-to-sell and range from first homes to later living communities. Legal & General is revolutionising construction methods through a unique modular housing factory in Leeds. 

Our ambition is to be the leading long-term developer and owner of multi-tenure schemes and to accelerate the delivery of housing in the UK to address the current chronic shortage. Through our long-term investment in this sector, we seek to have a positive economic and social impact on the regions and communities in which we deliver our homes.

CALA Homes

Founded in 1875 as a feu collection and land management company, CALA has been building new homes since 1975. Today CALA continues to apply the same guiding principles of exceptional design, high-quality build and five star customer service, in a wide range of sought-after locations in Scotland and southern England.

Legal & General Homes (Communities)

Legal & General Homes, now part of CALA Homes, is driven by its mission to create beautiful, vibrant, sustainable communities where people can thrive. Our Strategic Land and Major Projects team has acquired control of a 500 plus acre multi-tenure development in Horsham to provide 2,750 new homes and 500,000 sq. ft. of commercial space.

Legal & General Affordable Homes

Legal & General Affordable Homes provides private patient capital to the UK affordable housing sector with the purpose of overcoming the critical deficit in affordable housing for families and households in the open market.

Later Living

We are passionate about providing a genuine option for older people who wish to leave their family homes and live in a unique environment as part of a thriving community. This provision has the potential to have a significant economic impact  - both on the housing market and health sector.

Legal & General Modular Homes

Legal & General’s 550,000 sq. ft. modular housing factory in the heart of Yorkshire is the largest of its kind in the UK. Legal & General Modular Homes is designing high quality, precision-engineered, energy-efficient, sustainable homes that rival those built using conventional methods of construction.

Build to Rent

Legal & General’s Build to Rent (BTR) platform now has a pipeline of almost 2,000 homes, with the aim to have 6,000 in planning, development or operation by the end of 2019.

Our projects

Later Living

In August 2017 L&G entered the later living sector in the UK, marking the first major institutional investment into this critically underserved segment of the residential market. Our vision across all our later living activities is to address major societal issues such as health, care and loneliness. We are investing for the long-term in a way that unites our stakeholders and is inclusive enough to create a positive, sustainable change. Our ambitious plan is to deploy c.£4bn of capital into the sector over the next 5yrs, providing over 8,000 units of much needed accommodation.


Build to Rent

Legal & General’s Build to Rent (BTR) platform now has a pipeline of almost 2,000 homes, and aims to have 6,000 in planning, development or operation by the end of 2019. 

With more than £1.5bn to invest into the sector, Legal & General has raised pension fund capital for an open- ended BTR fund alongside a £400m joint venture between Legal & General Capital and PGGM.