Legal & General is working to secure investment for a £15bn fund that will be used to support regeneration projects across the country.
The company is acting as a manager of the fund as well as a principal investor, allocating £1.5bn to the regeneration investment vehicle.
The government’s Regeneration Investment Organisation is acting as a sponsor and will help facilitate a deal pipeline. A fund of this size could be involved in 30 to 50 projects.
L&G chief executive, Nigel Wilson, said: “The UK is a terrific place to invest. We are well-positioned to work alongside UK and international money to channel funds into regeneration that delivers growth, homes and jobs.”
