Press release

Legal & General launches future cities commission and secures second Leeds government hub

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 Sept 2019

Press release (PDF 269KB)

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."

Further information

Lauren Kemp

Head of Group Corporate Media & Issues

Group Communications

T: +44 (0)7946 514627Email Lauren Kemp

Notes to editors

Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.1 trillion in total assets under management (as at FY24) of which c. 44% (c. £0.5 trillion) is international.

We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.

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