UK insurer Legal & General is launching an affordable housing business, in the latest example of investors moving into a sector traditionally dominated by charities.
Legal & General Capital, the insurer’s early-stage investment business, will both develop and buy homes and manage properties for “affordable” rent built by other developers.
The company said it had just begun hiring a management team and was working with the social housing regulator to gain approval.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
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