PGGM Build-to-Rent Fund.
In December 2015, LGC formed a build-to-rent partnership with PGGM as a 50:50 development joint venture. The partnership will invest over £900m into developing purpose-built rental accommodation across the UK, providing over 4,000 homes. The partnership, alongside LGIM Real Assets as Fund Manager, is actively involved in all elements of the asset lifecycle – from land acquisition and planning to development and operation. As of 31 December 2016, the partnership held three assets capable of delivering c.920 units in Salford, Bristol and Walthamstow, London.