L&G appoints Dan Batterton as Head of Housing to drive growth of UK housing platform

• The newly created role oversees a unified housing platform, combining businesses with over £5 billion AUM and more than 17,000 homes across all tenures¹.
• L&G is targeting £10bn of AUM for Housing by 2028*, viewing it as a key sector within its private markets strategy.  

Dan has over 20 years of experience in the property sector. His expertise in portfolio strategy has helped shape L&G’s long-term acquisition, development, sustainability, and operational plans for the residential sector.   Dan has launched several new investment strategies during his time at L&G, notably the Build-to-Rent platform in 2016, which has grown to over £4 billion and over 10,000 apartments across the UK². Additionally, Dan has been instrumental in securing co-investment opportunities from UK and international partners to enhance the UK’s rental supply. His team also shaped the recent purpose-built student accommodation operational strategy. L&G plans to deploy approximately £0.5 billion into this sector over the next two years, aiming to grow the portfolio to over £1 billion and manage around 5,000 beds across the UK.

L&G’s housing platform is one of the cornerstones of its private markets capabilities. As a leading direct investor, manager, lender, developer, and operator in residential property with one of the largest and most diverse platforms in the UK, we believe L&G is uniquely placed to tackle the current housing crisis and deliver the homes needed given the expertise across investment management all the way through to the development and operations of assets. As well as building more homes across the UK L&G is also focused on deepening its international presence and remains committed to attracting third-party capital to co-invest into housing.  L&G recently secured more than £500 million for its Affordable Housing Fund³ and secured new co-investment opportunities from UK and overseas partners to help increase the UK’s rental supply.

Growing L&G’s housing platform is a strategic commercial priority, with this appointment bringing the leadership of the Group’s UK housing offerings under one integrated platform to facilitate its continued growth. L&G is targeting £10bn of assets under management for housing by 2028, placing it as a central component of its long term strategy. With a wider target to grow its Private Markets platform to £85bn AUM by 2028, L&G is focused on maximising opportunities within real estate, infrastructure, private credit, and venture capital, while strategically expanding into new global markets.

References

¹Internal L&G data, as of June 2025.

²As of March 2025.

³As of February 2025.