Legal & General announces that it has acquired Quarry House in Leeds for £243m. Representing its eleventh Government hub deal, the deal brings its investment into the Government Hub programme to over £1.5bn and investment into Leeds to over £1.1bn.
23 Sep 2019
The deal closed the same day that Legal & General hosted its inaugural Future Cities Commission (FCC) in Leeds, where it pledged to invest significant further capital into UK cities, in partnership with the public sector and local communities. At the event, which hosted experts from across the UK, including mayors, local authority leaders, chief executives and industry leaders, it was debated how culture, sustainability, infrastructure, science and technology, and an aging population are all vital when thinking about building the cities of the future.
Kerrigan Procter, CEO of Legal & General Capital: "Inclusive Growth has to be the goal for Future Cities. Clean energy, infrastructure, urban regeneration and technology are all the building blocks of our ecosystem, driving increased productivity and output. Investing in our cities and changing people’s health and happiness is the greatest multiplier of economic and social growth."