Press releases

LGP appoints Rob Codling to its Managed Fund.

10 December 2012

Legal & General Property (LGP) announces that it has appointed Rob Codling as a Senior Asset Manager within its £1.4 billion Managed Fund, further enhancing its in-house asset management team.

Rob will report directly to Fund Manager, Mark Russell, and joins the three-strong asset management team that looks after a portfolio of 68 direct property assets.  Rob joins from Jones Lang LaSalle (previously King Sturge) where he has spent the last eight years, working initially in the Bristol market and latterly as asset manager and transactions surveyor to LGP’s Industrial Property Investment Fund.

Launched in June 1971, the Managed Fund is an open-ended fund available to occupational pension schemes that invests in UK freehold and leasehold property, recognising that superior stock selection is key to out-performance. The Fund is low-medium risk with the capability to invest in indirect, unlisted vehicles and All Property Total Return swap contracts, and has a focus on income enhancement and added value creation.

Michael Barrie, Director of Fund Management at Legal & General Property, said:  
“This appointment reflects not only the strong continued growth of the Fund over the course of 2012 but also our focus on adding high calibre individuals to our platform, from areas outside of the traditional fund management arena, whose skill sets complement and further deepen the existing wealth of in-house expertise.”

Mark Russell, Fund Manager at Legal & General Property, added:
“We very much look forward to welcoming Rob to our platform and the contribution he will make to our existing asset management capabilities.  Rob has a proven track record of creating and diligently implementing value enhancing initiatives and this remains central to our continued delivery of Fund performance."

Notes to editors

Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages approximately £391bn of assets on behalf of more than 3,300 clients (30 September 2012) and provides products and solutions spanning all asset classes. LGP is the third largest institutional property fund manager in the UK, managing or co-managing 16 separate funds or vehicles and two segregated mandates with an aggregate asset value of £10.4bn as at 30 September 2012. 

These funds include:

Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; Arlington Business Parks Partnership; and the English Cities Fund
Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership
Balanced Funds
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust; UK Property Income Fund; LPI Income Property Fund and the Hybrid Property Fund

LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency, leveraging upon the significant resources provided by the wider LGIM platform. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability.

LGP’s sector specialisms cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering the West End office market’s latest landmark, Central Saint Giles, and currently involved in developing its high profile Covent Garden scheme, Agar Street, as well as significant town-centre retail and leisure regeneration projects, including Bracknell, Trowbridge, Northampton and Eastbourne.

For more information please contact:

Olivia Goodall
PR Manager, Legal & General Capital and Real Assets, LGIM (Property, infrastructure and alternative finance)

t: + 44 (0) 203 124 2777
m: + 44 (0) 7718 395 279

About Legal & General

Legal & General Property Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.