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Latest press releases

Legal & General invests £125m in the City of London Corporation via green and sustainable financing framework

LGIM Real Assets announces that is has provided £125 million in long-term financing to the City of London Corporation, the governing body of the Square Mile London, which is home to much of the UK’s financial services sector.

Legal & General appoints heads of infrastructure debt in US and Europe

Legal & General announces that it has expanded its infrastructure debt capabilities with the appointment of Charles-Henry Lecointe as Head of Infrastructure Debt America and Will Devenney as Head of Infrastructure Debt, Europe.

Legal & General completes 12th Government Hub deal with Peterborough Acquisition

LGIM Real Assets (Legal & General) announces that it has agreed to forward fund a key city centre site in Peterborough, marking its twelfth Government Hub investment. Legal & General remains committed to supporting local employment and collaborative and flexible working practises, boosting productivity and regional economic growth.

Legal & General's UK property fund acquires Bristol office building

LGIM Real Assets (Legal & General) announces on behalf of its UK Property Fund (“the Fund”) that it has completed the acquisition of Quayside Bristol from DAS and ERGO for £27.75m.

Legal & General appoints Denizer Ibrahim as Head of Retail and Futuring to address cultural shift in retail environment

LGIM Real Assets (Legal & General) announces that it has appointed Denizer Ibrahim into the new role of Head of Retail and Futuring as it refreshes the business approach to retail prioritising great locations, top level service and strong partnerships.

Legal & General does the double for second year in a row

LGIM Real Assets has followed its previous success at the Association of Real Estate (AREF) Investment Performance awards 2019 with a double win and clean sweep this week for awards based on consistent long-term performance.

Legal & General launches Future Cities Commission and secures second Leeds Government Hub, bringing Leeds investment to over £1.1bn

Legal & General announces that it has acquired Quarry House in Leeds for £243m. Representing its eleventh Government hub deal, the deal brings its investment into the Government Hub programme to over £1.5bn and investment into Leeds to over £1.1bn.

Legal & General strengthens retail platform with new appointment

LGIM Real Assets (Legal & General) announces that it has appointed Terry Martin as a Senior Asset Manager as it continues to strengthen its retail platform in order to work closely with its retail occupiers and to respond positively and creatively to the structural shifts in the retail market.

Legal & General and Mitsubishi Estate launch major Hammersmith office scheme

LGIM Real Assets (Legal & General) and Mitsubishi Estate London announce the launch of 245 Hammersmith Road, W6, their new 242,000 sq ft office-based scheme.  Creating a vibrant working environment, the development delivers a new standard of office space for the area which will support increased productivity and economic growth.

Legal & General sells 15 Bonhill Street as it continues to expand its portfolio of alternative investments

LGIM Real Assets (Legal & General) announces on behalf of its UK Property Fund (“the Fund”) that is has completed the sale of 15 Bonhill Street, London, to Mayfair Capital Partners for £112.5 million, reflecting a net initial yield of 5.12%, as it continues to invest creatively in undervalued sectors where it can leverage its occupier knowledge.

Legal & General invests £57m in UK solar portfolios

Legal & General announces that it has provided £57.5 million of long-term debt financing to support Hermes Infrastructure in their recapitalisation of two solar photovoltaic (“solar PV”) portfolios in England and Wales.

Legal & General invests in largest regional pre-let in a decade with latest government hub deal

Legal & General announces that it has forward funded its 10th Government Hub in the centre of Leeds. This latest deal, which is funded by Legal & General Retirement, is creating and supporting 15,000 local jobs and driving regional economic and productivity growth.

Legal & General's UK property fund snaps up first self storage acquisition

LGIM Real Assets (Legal & General) announces that it has made its first acquisition into the self storage sector, with the landmark acquisition of the Iron self storage portfolio.

Legal & General seals another deal on £400m Cardiff regeneration project, including Wales' largest build to rent scheme

Legal & General reveals that it is creating over 13,000 jobs, thousands of homes and improved infrastructure in the South West and Wales, through major regional regeneration schemes in towns and cities such as Bath, Bristol, Swindon, Weston-Super-Mare and Cardiff.

Legal & General shakes up property management industry with new operating model

LGIM Real Assets (Legal & General) announces that it has established a new innovative operating model for managing its buildings, which is set to help disrupt the property industry, maximising the performance of investments and developing stronger occupier relationships.

Capsule drives flurry of lettings for Legal & General

LGIM Real Assets (Legal & General), on behalf of its Managed Fund, announces that it has secured five new lettings at Apex Plaza in Reading, following its recent refurbishment.

Glasgow Council secures £285 million funding from Legal & General for its equal pay settlement

LGIM Real Assets (Legal & General) announces that it has committed, on behalf of its clients including Legal & General Retirement Institutional (LGRI), £285 million in funding to City Property Glasgow, a wholly owned subsidiary of Glasgow City Council (“GCC”).

Legal & General sells Birmingham office for around £140m

LGIM Real Assets (Legal & General) announces, on behalf of its second UK Property Income Fund (“UK PIF II” or the “Fund”), that it has sold Priory Court & The Lewis Building in Birmingham to Gulf Islamic Investments (“GII”) for a price approaching £140m. This sale represents the UK's largest office transaction outside of London this year.

Legal & General bolsters its private credit business with two senior hires

LGIM Real Assets (LGIM RA) announces that it has made two senior appointments to support its growing Private Credit business, allowing us to further capitalise on the synergies that exist across our infrastructure, property and corporate credit businesses.

Legal & General's investment - Thames Tideway Tunnel - Completes major construction milestone

LGIM Real Assets (Legal & General), on behalf of its clients including Legal & General Retirement Institutional (LGRI), provided £225 million in long-term financing over the past three years to support the construction of the Thames Tideway Tunnel (“the tunnel”) – London’s new super sewer.

Legal & General invests £44.6m into housing for homeless families

Legal & General announces an innovative partnership with Croydon Council to provide 167 homes for families on the housing waiting list.

Legal & General, the Welsh Rugby Union and Rightacres set to transform one of Cardiff's most iconic buildings

Legal & General announces that it has agreed to fund the restoration of one of Cardiff’s oldest and most iconic buildings into central Cardiff’s most luxurious hotel. The former Post Office building on Westgate Street is being transformed in a venture between the Welsh Rugby Union, Legal & General and Cardiff based property development company, Rightacres Property.

Legal & General's new approach to flexible office leasing secures first tenant

LGIM Real Assets (Legal & General) announces that Trapeze Group has taken a 2,207 sq ft fully fitted suite on the second floor of Union Plaza, Aberdeen.

Legal & General commits a further £200m to UK transport infrastructure

LGIM Real Assets (Legal & General) announces that it has provided, on behalf of its clients including Legal & General Retirement Institutional (LGRI), £200 million in long-term debt financing to support the purchase of new rolling stock for the Wales & Borders franchise by Equitix and SMBC.

Legal & General acquires first build to rent scheme in Scotland

Legal & General announces that it has exchanged contracts on its first Build To Rent (BTR) scheme in Scotland as it seeks to meet the increasing demand for affordable, quality rental accommodation across the UK. Legal & General will forward fund Drum Property Group to deliver 324 apartments within Glasgow’s new Buchanan Wharf waterside regeneration area, which will also house the new Northern European hub of Barclays Bank.

Legal & General acquires BTR site in Chelmsford

LGIM Real Assets (Legal & General) announces that it has exchanged contracts on a new Build To Rent (BTR) site in Chelmsford City Centre, on behalf of its UK Property Fund (“The Fund”).

Ground breaking ceremony held at new DWP hub in Treforest

Legal & General today announces the start of construction of the new DWP Hub in Treforest with a ground breaking ceremony attended by members of the development team and existing tenants.

Legal & General appoints head of infrastructure equity

LGIM Real Assets (LGIM RA) announces that it has hired Jonathan Ord, formerly Investment Director, at Local Pensions Partnership Investments (LPPI) to lead its infrastructure equity investment strategy.

Legal & General to develop flagship Build to Rent scheme in Wandsworth delivering 1,000 new homes

Legal & General announces that is has exchanged contracts on two adjacent sites in Wandsworth which will combine to deliver its largest Built To Rent (BTR) scheme to date.

Legal & General secures prime student blocks at University of Oxford

Legal & General announces that it has purchased the long leasehold of a modern student accommodation residence which has been fully let to Christ Church College, part of the University of Oxford, for approximately £37.1m. The purchase has been made on behalf of Legal & General Retirement.

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