Legal & General Homes announces that it is holding a public exhibition for its 78-acre site in Shrivenham, Oxfordshire on Tuesday 20 February. The proposals aim to address the housing supply crisis by providing much-needed high quality market and affordable homes, from one-bed apartments to four-bed detached family homes.
14 Feb 2018
Local people are invited to view Legal & General Homes’ proposals for the land east of Highworth Road in Shrivenham at a public consultation event hosted at Shrivenham Memorial Hall from 3pm–7pm on 20 February. This offers a valuable opportunity for the local community to have their say on the designs and development for phase 1 of the proposals, which will introduce the first 240 homes on site.
Legal & General Homes acquired the site in December 2017 with outline planning consent for 515 homes to be delivered across two phases. In addition to the new homes, the plans provide numerous community benefits, including land for a Primary School, a new road junction to improve traffic flow on the A420, public open space and retail space.
Helping to address the UK’s chronic housing shortage, Legal & General Homes has a current housing pipeline of over 3,000 new homes.
John Allan, Managing Director at Legal & General Homes, commented: "At Legal & General Homes we are keen to address the housing shortage crisis by providing high-quality homes that are carefully integrated into the community, while bringing significant improvements to infrastructure, facilities and public open space.
"We are pleased to be presenting the proposals for our site in Shrivenham and look forward to hearing the views of the local community. This is an important part of our commitment to working closely with existing residents, landowners and local authorities to ensure we bring value to the community as a whole."
As well as its site in Shrivenham, it already has two large consented schemes that are located in Berkshire where its head office is based. It is now on site building 1,000 new homes on its 250 acre site in Crowthorne and hopes to begin on site on 1,500 new homes at its 272 acre site in Finchampstead at the end of 2018.
Legal & General in housing
A natural evolution and fit for its multi-tenure housing investment strategy, Legal & General has been involved in supply side housing activities for nearly 20 years. These include:
It is also a significant investor in social housing, care homes and student accommodation. This holistic approach provides Legal & General with the mechanisms to deliver high quality returns throughout market cycles by pivoting investment to where the need is greatest.
John Allan, Managing Director at Legal & General Homes: This is an important part of our commitment to working closely with existing residents, landowners and local authorities to ensure we bring value to the community as a whole
Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its capabilities in a range of alternative sectors, including in residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital, which are all supported by long-term structural growth drivers, meet a financing gap and respond to a scarcity of supply that is underpinned by enduring societal needs.
Its purpose is to invest society’s capital for society’s benefit. Investing in the real economy and supporting the Group’s focus on climate and inclusive capitalism, LGC’s investments create jobs, change lives and contribute towards a net zero carbon future.
Legal & General has invested over £29bn in levelling-up regional economies, including through major UK-wide regeneration schemes and has recently made a commitment to enable all its new homes to operate at net zero carbon emissions from 2030.
*at 31 Jun 2021
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.