Insurance and pensions firm will be landlord of thousands of flats,starting in Bristol, Salford and London, and in partnership with Dutch PGGMBritish insurer Legal & General has teamed up with a Dutch pension fund manager to construct 3000 apartments across the UK under a £600m “build-to-rent” plan.
L&G and PGGM will initially build 650 flats in Bristol,Salford and Walthamstow, north-east London, or to help tackle the housing crisis. Only approximately half of the 250000 unusual homes thought to be needed every year are being built.
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Source: theguardian.com