Legal and General invests £275m into its affordable homes business

By Hamish Champ2020-02-18T09:06:00

The finance giant is pumping in the money from its pension fund and via external investors

Legal and General is pumping a total of £275m into its affordable housing business as it seeks to deliver 3,000 such homes a year by 2023.

L&G said £100m was long-term debt financing from its pension fund which would be secured against the income coming from its affordable housing assets.

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