Press

Latest press releases

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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