Legal & General has provided £750m of UK infrastructure and direct financing in the first 11 weeks of 2016.
The firm provided £250m of financing for a commercial infrastructure deal and £70m for a student accommodation deal, both earlier this month, as well as a £245m loan supporting Transport for London’s new premises in Stratford’s new international Quarter in January.
The company intends to use the loans to back pension payments in its £44bn annuity portfolio.
Kerrigan Procter, managing director of L&G Retirement, said: “We see huge potential for growth as UK pension funds transfer their assets and liabilities to us and we in turn invest in real UK assets.”
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