L&G partners with Dutch pension firm PGGM and Nest in £1bn build-to-rent plan

L&G-suburban build to rent North Horsham

Thousands of rental homes planned

Legal & General has announced it has signed a deal with UK pension scheme Nest and Dutch pension service provider PGGM which could see it invest up to £1bn to deliver thousands of build-to-rent homes.

Under the deal announced this week, the three investors have committed an initial £350m, and expect this to grow to £1bn “over the coming years.

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