14th Apr 2016 09:09
LONDON (Alliance News) - Legal & General Group PLC on Thursday said its Legal & General Capital arm's Build to Rent partnership with Dutch pension fund manager PGGM has acquired a further site in Salford.
The venture has acquired the site from the English Cities Fund, taking its total pipeline of new homes to nearly 800.
The partnership will invest GBP600.0 million in building private rented housing across the UK, providing a total of 3,000 new homes.
L&G shares were down 0.7% to 242.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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