Property News · January 27, 2016

Legal & General to build and rent out 3,000 new UK homes


Insurance and pensions firm will be landlord of thousands of flats, starting in Bristol, Salford and London, in partnership with Dutch PGGMBritish insurer Legal & General has teamed up with a Dutch pension fund manager to construct 3,000 flats in the UK under a £600m “build-to-rent” plan.L&G and PGGM will initially invest in building private rental housing in Bristol, Salford and Walthamstow, north-east London, to help tackle the housing crisis. Only about half of the 250,000 new homes thought to be needed every year are being built. Continue reading…

Source : theguardian.com
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