Legal & General Affordable Homes Secures £35m Acquisition of Shared Ownership Properties Jul 2, 2024 Legal & General Affordable Homes has acquired 390 shared ownership homes from Orbit Group for nearly £35 million. This acquisition aligns with Legal & General’s goal of increasing investment in the affordable housing sector, backed by its Institutional Retirement division. The newly acquired homes are spread across 32 local authorities, including regions in the North […] Posted by: David Gilbank Read more
Legal & General announces sale of CALA Group Sep 18, 2024 Legal & General Group Plc (“Legal & General” or “L&G” or the “Group”) today announces that it has agreed the sale of the UK house builder CALA Group (“Cala”) for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The consideration for […] Posted by: Deividas Krupstas Read more
Legal & General steps up affordable housing push, raising £510m to tackle crisis head on Feb 4, 2025 Legal & General today announced that it has raised £510m for its affordable housing investment strategy as part of the second close of its Affordable Housing Fund (“the Fund”), aimed at tackling the UK’s housing crisis head on. New investors include London CIV, the entity that manages London Local Government Pension Scheme (LGPS) assets, which […] Posted by: Deividas Krupstas Read more
LEON accelerates growth ambitions – with 50 new restaurants planned in 2022 Dec 21, 2021 Leon is set to open more than 50 restaurants across the UK next year as part of a newly unveiled growth strategy. The EG Group-owned healthy fast food chain had previously announced it was to open 20 restaurants next year. Now, it has revealed plans to double the pace of its store rollout programme, including […] Posted by: Mya Driver Read more
LGIM Revamps UK Property Fund with a Hybrid Approach Feb 20, 2024 Legal & General Investment Management (LGIM) has announced plans to revamp its UK property fund, introducing a strategy that blends direct property investments with indirect holdings. The new approach, dubbed the PAIF Hybrid, aims to adjust the fund’s composition by reducing its direct property investment to 45%, while allocating another 45% to global real estate […] Posted by: Mya Driver Read more
LGPS Investors Commit £150m to Octopus Affordable Housing Fund Jul 18, 2024 Octopus Investments has secured £150 million from four Local Government Pension Scheme (LGPS) investors for its Affordable Housing Fund. This investment aims to address the shortage of affordable homes and provide energy-efficient housing across the UK. The new commitments come from Avon Pension Fund and Gloucestershire Pension Fund, each contributing £50 million, Devon Pension Fund […] Posted by: Mya Driver Read more
Lidl secures £70 million deal to fund 12 new stores across the UK Oct 28, 2024 Lidl, the German discount supermarket chain, has finalised a significant £70 million sale-and-leaseback deal to fund the forward construction of 12 new stores across the United Kingdom. This landmark agreement supports Lidl’s ambitious expansion strategy in the UK, one of its key markets, as it seeks to increase its footprint and bring affordable, high-quality groceries […] Posted by: Deividas Krupstas Read more
Logistics occupiers seek expansion plans outside of traditional hubs Jun 7, 2022 A new survey from global real estate advisor, CBRE, has indicated that logistics occupiers are still focused on expansion, with many now considering alternative locations due to the prolonged imbalance in supply and demand. CBRE’s 2022 European Logistics Occupier Survey, in conjunction with Analytiqa, analysed responses from more than 100 of the largest European logistics […] Posted by: Mya Driver Read more
LondonMetric acquires Savills IM Income and Growth Fund for £122m Dec 22, 2021 LondonMetric Property Plc has acquired Savills IM UK Income and Growth Fund in a corporate transaction valued at £122.2 million, reflecting a blended yield on cost of 4.3% and an anticipated reversionary yield of 4.9%. The Fund owns a portfolio of 15 assets across 482,000 sq ft with 75% in urban logistics and the remainder […] Posted by: Mya Driver Read more
LondonMetric acquires six assets in £78m off-market deal Sep 25, 2024 LondonMetric Property has announced the off market acquisition of six single let urban logistics properties for £78.0 million from a FSTE 100 pension fund. The purchase price reflects a blended NIY of 5.8% which rises to 6.9% over the next two years. The Portfolio comprises six high quality properties totalling 526,000 sq ft, located in […] Posted by: Deividas Krupstas Read more
LondonMetric continues capital recycling selling £58 million of assets and acquiring a retail park for £10 million Nov 18, 2024 LondonMetric Property Plc announces that it has sold 24 properties across various non core sectors for a total consideration of £57.9 million, reflecting a 6% profit over prevailing book values. The sales include 22 LXi properties and comprise: Since 31 March 2024, LondonMetric has sold 52 assets for £209 million, reflecting a NIY of 7.6%. […] Posted by: Deividas Krupstas Read more
LondonMetric transacts on £124m of acquisitions and sales Jan 15, 2025 LondonMetric Property Plc announces that it has sold ten non-core properties for a total consideration of £74.2 million (LondonMetric share: £69.4 million) and reflecting a NIY of 6.9%. The sales comprise: Since 31 March 2024, LondonMetric has sold 65 assets for £307 million (LondonMetric share: £302 million) at a 2% premium to prevailing book value. […] Posted by: Deividas Krupstas Read more
