Published: 17th Nov 2020

Legal & General Capital has launched a new suburban build to rent (SBTR) business, which will develop ‘single family’ homes across the country. The new business work with housebuilders and undertake a direct delivery programme to bring forward over 1,000 homes each year from 2024. Legal & General launched its Build to Rent Fund in 2017 and now has over 5,000 homes in operation or development across the UK’s major towns and cities. The new business is headed up by Simon Century, who has led the investment and scale up of a number of major housing businesses, such as Legal & General Affordable Homes. He will be supported by David Reid, who will act as managing director of the new business, having joined Legal & General from Rowan Asset Management in January 2020. The wider SBTR team is now being established, seeking talent from a diverse range of backgrounds including investment, … (To read the full article, subscribe below)