{"id":105878,"date":"2022-02-16T15:15:05","date_gmt":"2022-02-16T15:15:05","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=105878"},"modified":"2022-02-16T15:15:05","modified_gmt":"2022-02-16T15:15:05","slug":"build-to-rent-homes-3","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/build-to-rent-homes-3\/105878\/","title":{"rendered":"Legal & General’s \u00a32.5bn investment to deliver 7000 build to rent homes"},"content":{"rendered":"

Legal & General<\/a> Retirement Institutional will invest a further \u00a32.5bn of Defined Benefit schemes\u2019 retirement funds into delivering more than 7000 build to rent homes over the next five years<\/h2>\n

In 2021, LGRI invested over \u00a3500m on the development of four build to rent (BTR) schemes in Stratford, Hove<\/a>, Southampton and Lewisham. They will create over 1,300 much needed new homes and the first residents are expected to move into the Hove and Southampton developments in 2024.<\/p>\n

The investment is supported by Legal & General Investment Management Real Assets (LGIMRA), one of the largest investors in BTR schemes which has already invested c\u00a32.5 billion into 20 schemes around the UK.<\/p>\n

Net zero<\/h3>\n

2,700 apartments are already in operation and a further 6,000 are under construction. They are designed with lifestyle and resident satisfaction, in mind ensuring quality, operational efficiency, and long-term environmental sustainability.<\/p>\n

All L&G BTR units are targeting net zero carbon in operation by 2030.<\/p>\n

Regeneration<\/h3>\n

Andrew Kail, chief executive officer, Legal & General Retirement Institutional: “Through investing pension funds<\/a> into BTR schemes, we can invest into developments that contribute to the regeneration of cities all around the country and support the UK economy.<\/p>\n

“Today\u2019s announcement showcases our commitment to creating thousands of high-quality, sustainable homes for communities that need them most.<\/p>\n

“This is Inclusive Capitalism at its best \u2013 by investing in the real economy, generating returns to pay pensions and create a better society for us all.”<\/p>\n

High quality rental housing<\/h3>\n

Dan Batterton, head of BTR, Legal & General Investment Management Real Assets: “Following successful investments in 2021 and our long-term track record in the development and operation of BTR schemes, we are delighted that LGR\u2019s commitment to expand its investment allows us to grow our mission and have a greater impact on the supply of high quality rental housing in the UK.<\/p>\n

“Within five years, the Legal & General Group will have committed a total of at least \u00a35bn to the sector, providing 15,000 purpose built BTR homes.”<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Legal & General Retirement Institutional will invest a further \u00a32.5bn of Defined Benefit (DB) schemes\u2019 retirement funds into delivering more than 7000 build to rent homes over the next five years.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[830,908,656,93645,669],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-105878","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-build-to-rent","8":"tag-economy","9":"tag-housing","10":"tag-net-zero","11":"tag-regeneration"},"acf":[],"yoast_head":"\nLegal & General's \u00a32.5bn investment to deliver 7000 build to 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