Legal & General invests in largest regional pre-let in a decade with latest government hub deal

Legal & General announces that it has forward funded its 10th Government Hub in the centre of Leeds. This latest deal, which is funded by Legal & General Retirement, is creating and supporting 15,000 local jobs and driving regional economic and productivity growth. Over the past three years, Legal & General has invested over £1.5 billion into developing Government Hubs in key cities across the UK.

Legal & General has directly invested around £1.1 billion into Leeds in recent years through major urban regeneration projects and the delivery of housing, social care and infrastructure.  Other key investments include the redevelopment of Headingley Cricket Stadium; Mustard Wharf, a city centre Build To Rent scheme; and the mixed-use Thorpe Park Leeds scheme, which includes the construction of the first section of the East Leeds Orbital Road, a key piece of road infrastructure for the city.

Despite being one of the UK’s major financial and business service hubs, Leeds suffers from an extremely low supply of Grade A office space. With Leeds benefitting from the largest growing workforce outside London, this development will help to meet this growing demand by providing much-needed top quality office space to the region.

This latest transaction exemplifies Legal & General’s commitment to investing patient capital into UK towns and cities, whilst supporting its long-term annuity and pension commitments. Upon completion, Wellington Place is expected to accommodate 12,000 people living and working within the development.

Read the full press release via the link below

For further information

Lauren Kemp

PR Manager

Legal & General Capital and LGIM Real Assets

T: +44 (0) 20 3124 3394

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