The information contained in these press releases is intended solely for journalists and should not be relied upon by private investors or any other persons to make financial decisions.
Legal & General has recently completed a buy-in arrangement with a UK pension scheme, which covers £16m of the scheme’s pension liabilities but also importantly, resulted in a substantial reduction in the buy-in shortfall for the scheme, of 30%.
14 July 2014
Legal & General announces that it has agreed a £25 million, 40 year loan to Adactus Housing Group, signaling its sixth direct investment deal in the social housing sector. Having invested c.£500 million in social housing in just over 18 months, through five loans and one equity deal, this continues to form an important part of L&G's wider investment in UK housing and infrastructure.
09 July 2014
Legal & General announces that it has agreed a £40 million, 20 year debt facility to Rooftop Housing Group, to support the delivery of up to 900 much-needed affordable homes by 2018 as it continues to invest heavily in readdressing the UK’s housing shortage.
01 July 2014
Legal & General Property announces, on behalf of its Legal & General UK Property Fund, that it has acquired 15 Bonhill Street, a prominent office building in Shoreditch, from Resolution Property for a total consideration of £62,600,000.
01 July 2014
Legal & General Property announces that its Industrial Property Investment Fund has completed on over £80 million of purchases, bringing its assets under management to over £1 billion. As a result, not only is IPIF the largest industrial fund in IPD, but LGP is also one of the most active investors in the UK industrial market.
25 June 2014
In its latest Market Differentials report, Legal & General Property’s research team explores which areas of the UK are most likely to outperform in terms of local demand dynamics over the long term and thus support office value growth.
24 June 2014
Nationwide for Intermediaries and Mortgage Advice Bureau came top at the Legal & General’s Mortgage Club Awards, picking up no less than three awards each in the Lender and Adviser Awards categories which were announced today,14 June 2013.
20 June 2014
Legal & General Property announces that it is piloting a new voluntary operational rating scheme called VolDECs. Based on Display Energy Certificates, this represents an innovative approach for private sector ownership of commercial property and responds to the absence of a government rating scheme.
20 June 2014
Legal & General has today released its claims stats for its protection products in 2013. The figures show £262 million paid out to individual bereavement claimants with an increase in critical illness pay outs to £153 million compared to £134 million in 2012.
18 June 2014
Legal & General Property announces, on behalf of its Linked Pensions Fund, that it has purchased a recently developed Travelodge hotel and three retail units located in the centre of High Wycombe from McLaren Property for a total consideration of £11,005,000, reflecting a net initial yield of 6.8%.
13 June 2014