Housebuilder Cala Group has announced today that an agreement has been signed by the global investment firm Sixth Street Partners and Patron Capital, the pan-European institutional investor focused on property-backed investments, to acquire the company from Legal & General Group Plc.
Legal & General
The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City is continuing apace following the completion of the second major building on the site – a 346-home build-to-rent scheme, forward funded by Legal & General (L&G). Main contractor Graham Construc
The rise in reliance on familial financial support in the UK housing market has hit record levels, with new research revealing that the so-called 'Bank of Family' is anticipated to facilitate over 318,000 property transactions with support worth around £8.1 billion in 2023.
The £300 million transformation of Candleriggs Square in Glasgow’s Merchant City has reached another significant development milestone with the completion of structural work for a 346-apartment build-to-rent (BTR) complex, forward funded by Legal & General. Candleriggs Development 2
L&G is to cease production at its timber-frame modular housing factory and will make the "majority" of its 475 staff redundant following £174 million of losses over seven years. The insurance and pensions firm began building prefab houses at its Sherburn-in-Elmet factory, near Se
Drum Property Group has completed the construction of 324 Build to Rent (BTR) apartments for Legal & General Investment Management (LGIM) at Buchanan Wharf on Glasgow’s Clydeside. Named ‘Solasta Riverside’, the 280,000 sq. ft. complex has been purpose designed to meet the incre
Insurance giant Legal & General has entered into a 15-year joint venture partnership with NatWest Pension Trust Limited (NWPTL) the defined benefit pension scheme of NatWest Group, to build a £4 billion portfolio of retirement homes with net-zero carbon emissions. The two firms are investi
Candleriggs Development 2 Limited, the joint venture between Drum Property Group and Stamford Property Investments, has agreed an £81.5 million deal with Legal & General to deliver a major 346-apartment Build-to-Rent (BTR) scheme at Candleriggs Square in Glasgow. The deal marks the n
The next significant building phase at Glasgow’s Buchanan Wharf starts this week with ground-breaking for Legal & General’s 324-home build to rent (BTR) scheme. Drum Property Group, developers of Buchanan Wharf, agreed a deal with Legal & General earlier this year for the f
Legal & General Affordable Homes (LGAH) has confirmed its commitment to invest £750 million to new affordable housing projects throughout the UK - increasing its development pipeline to nearly 3,500 homes across 41 projects.
A planning application by S1 Developments for the ‘Skyliner’ site in Leith has been granted approval subject to conditions.
Phil Spencer helps renters navigate the UK's property market in the second series of the popular Move iQ podcast.
Construction work on more than 300 build-to-rent apartments in Glasgow city centre is set to start by the end of this year after Legal & General exchanged contracts on the project. The pensions and investment firm will forward fund Drum Property Group to deliver 324 apartments within Glasgow&rsq
Nigel Wilson Insurance giant Legal & General has announced the launch of a new wholly-owned division which aims to become the leading private affordable housing provider in the UK.
Legal & General Capital has taken full ownership of CALA Homes in a deal that values the housebuilder at £605 million.