L&G and Natwest fund form JV for net-zero housing project

The houses will be delivered by an L&G-founded retirement homes provider

Hope William-Smith
clock • 2 min read
Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture.
Image:

Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture.

Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture (JV) to finance the delivery of 5,100 “net-zero carbon later living” homes.

The 15-year deal - announced today (3 August) between L&G and the defined benefit scheme of Natwest Pension Trustee (NWPTL) - will see the £500m invested in later living communities operated by Lon...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Robeco Active Quant - It's all about predictable results

Partner Insight: Robeco Active Quant - It's all about predictable results

Robeco
clock 27 March 2025 • 5 min read
Border to Coast calls for reforms to boost productive asset investments

Border to Coast calls for reforms to boost productive asset investments

LGPS pool says there is ‘significant appetite’ for investment in productive assets

Martin Richmond
clock 25 March 2025 • 3 min read
Partner Insight: LGPS - Going for Gold?

Partner Insight: LGPS - Going for Gold?

In the second of two articles, we help demystify gold as an investable asset class for LGPS funds.

World Gold Council
clock 24 March 2025 • 5 min read
Trustpilot