Legal & General form UK’s largest science and technology property partnership
5 Oct 2018
Bruntwood and Legal & General Capital (Legal & General) have established a landmark 50:50 partnership to create the UK’s largest property platform dedicated to driving science and technology growth in regional cities.
Bruntwood SciTech’s portfolio is already home to more than 500 science and technology businesses ranging from digital start-ups to global life sciences companies. It is centred around flagship assets and development projects in Manchester, Birmingham and Leeds, and includes the internationally-recognised life science campus in Cheshire, Alderley Park. Liverpool also features strongly in its forward plans.
With Legal & General’s long-term financial support, Bruntwood SciTech will initially focus on developing out its existing portfolio of assets as well as expanding within the Northern Powerhouse and Midlands Engine regions, seeking to make the most of untapped potential in the UK’s science and technology sector. In the medium and longer term the business will explore opportunities for investment in other UK regional cities.
Please download the full press release via the link below
Science and technology will be key to revitalising the UK economy and driving job creation...Through our investment we are partnering with a best in class management team with a track record of delivering and developing major science and technology projects...
Nigel Wilson, Chief Executive of Legal & General