LGIM Real Assets announces that is has provided £125 million in long-term financing to the City of London Corporation, the governing body of the Square Mile London, which is home to much of the UK’s financial services sector.
31 Oct 2019
The investment was issued via a Green and Sustainable financing framework verified by DNV-GL, an independent assessment of the accuracy and integrity of green bond information and data.
The City Corporation will use the £125 million investment from Legal & General to fund a number of major capital projects, which include plans to consolidate three wholesale food markets and relocate the Museum of London.
Supporting the capital as a vibrant and thriving city, which champions diversity and sustainability, the ‘Square Mile’, within the City of London, is home to approximately 24,000 businesses,attracting over. 500,000 workers daily and over 10 million tourists annually, making it a world leading commercial hub.
Steve Bolton, Investment Manager at LGIM Real Assets: "The City of London Corporation is a historic, strategically important institution with a rich history. This is an excellent opportunity for us to invest our annuity funds into the UK economy, and support the regeneration of key locations in the City and beyond."