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 Property announces that it has completed the successful refinancing of its Industrial Property Investment Fund, agreeing a new £275 million term part fixed rate, part floating rate facility with three lenders, RBS, Wells Fargo and L&G’s lending arm, LGIM Commercial Lending Limited, with an additional £75 million revolving credit facility provided by RBS and Wells Fargo which can be drawn down for future investment opportunities. The new loan will enable the Fund to continue delivering strong income distribution to investors.
23 July 2014
68% of homeowners feel rates will rise within a year Historically low rates distort consumer perceptions: a quarter (25%) of homeowners feel that ‘normal’ mortgage rates are between 1.1% and 3%
22 July 2014
Legal & General has become a strategic investor in Pemberton Asset Management Holdings Limited (“Pemberton”), as it launches a new Direct Lending platform for institutional investors. Pemberton through the new platform will provide much-needed loans and private placements to mid-market companies in the UK and Europe, focusing on companies with a turnover between €100 million and €1 billion.
17 July 2014
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