Press releases

Legal & General expands affordable housing leadership team

Legal & General is pleased to announce the appointment of Michael Dempsey as Director of Development and Investment and Shaun Holdcroft as Director of Operations for Legal & General Affordable Homes.

24 Oct 2018

Press release (PDF 181KB)

Legal & General launches affordable housing arm

Launched in April 2018, Legal & General Affordable Homes has undertaken a significant recruitment programme, bringing in skills from across some of the UK’s biggest property developers and housing associations, focused on supporting the UK’s demographic and affordable housing needs.

With thirty years’ experience in the house building industry, Michael Dempsey has joined Legal & General from Wellbury Projects Limited, a development consultancy he established, sourcing development opportunities and offering residential development project management. Prior to this, Dempsey was Regional  Managing Director of Keepmoat Homes Southern, responsible for launching the South of England arm of this national House Builder and securing a pipeline of 1,700 homes in its first three years of operation. Dempsey was also a board member of B3 Living, a Registered Social Landlord working specifically on reducing affordable housing build costs.

Another key appointment for Legal & General Affordable Homes, Shaun Holdcroft has joined the company from settle. As Executive Director, Holdcroft was in charge of leadership of the business and strategic planning, looking after 200 staff and c.£50m of revenue. Prior to this, Holdcroft was Director of Resident Services London and Commercial Portfolios at Hyde Housing Group and Interim Head of Housing at Southwark Council.

Ben Denton, Managing Director of Legal & General Affordable Homes: "With only 30,000 affordable homes delivered in the UK each year, and a waiting list of 1.3m... Legal & General is focused on delivering a sustainable model, bringing long-term institutional capital into this sector and working alongside best-in-class Housing Associations to make a genuine contribution to tackling the shortage of affordable homes..."

Further information


Lauren Kemp

Group Head of Corporate Media & Issues

Group Communications

T: 07946 514 627

Email Lauren Kemp

Harriet De Beaufort Suchlick

Harriet de Beaufort-Suchlick

Head of Corporate Communications

Legal & General Capital