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Legal & General increases build to rent pipeline with Salford purchase

Following the acquisition of a further site in Salford, from developer, English Cities Fund (ECf), Legal & General Capital (LGC) and Dutch pension fund manager, PGGM, have today announced they will be building more new homes in Salford. This latest addition brings the joint venture’s current pipeline to nearly 800 new homes, with a total capital commitment of over £250m.
By David Hannah
April 14, 2016 | 2:30 P.M.

The partnership will initially invest £600m into building purpose built private rental housing across the UK, providing over 3,000 new homes. This latest purchase is the partnership’s second acquisition in Salford, with further schemes ongoing in Bristol and Walthamstow, London.

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