trending Market Intelligence /marketintelligence/en/news-insights/trending/tkddd801ysjrud9ogn4smg2 content esgSubNav
In This List

Legal & General partnership's property fund doubling in size

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Legal & General partnership's property fund doubling in size

Legal & General Group Plc's property development fund in partnership with Homes England and Muse Developments is doubling in size to £200 million, CoStar News U.K. reported.

The English Cities Fund is slated to deliver five schemes across the U.K. with a total value of £1.6 billion with its initial investment of £100 million.

The fund will target large-scale and long-term regeneration schemes and will seek new partnerships with leading councils, regional authorities and other public sector organizations, the March 7 report noted. It will target projects with a gross development value of more than £100 million.

The fund has secured more than £800 million in third-party investments from property companies, institutional investors and the public sector. It has delivered 850,000 square feet of office and retail space and built 1,300 homes so far, and has 2,210 homes and 820,000 square feet of commercial space in the pipeline.