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Legal & General makes senior transactions hire as it seeks more long income deals to drive UK regeneration
LGIM Real Assets (“Legal & General”) announces that it has enhanced its transactions team with the appointment of Senior Transactions Manager, Yvonne Ambo, to source more investment opportunities for its long income funds.
25 Jan 2018
Legal & General is committed to investing its long-term capital into real assets which are economically and socially useful. To support this, its market leading transactions team has established a reputation for sourcing clever deals and working closely with the public sector to create new high quality assets that it wants to own for the long term.
In 2017, LGIM Real Assets completed over £2.5bn of transactions, of which £850m were acquisitions for its long income funds, the Annuity Fund and the LPI (Limited Price Inflation) Income Property Fund. Some key deals for the Annuity Fund in 2017 included the fundings of the UK Government Hub offices in Cardiff, Birmingham and Edinburgh, as well as the funding for the development of Mount Pleasant Halls in Cambridge, pre-let to St Edmund’s College.
For the LPI (Limited Price Inflation) Income Property Fund key deals last year included the recent acquisitions of Atlantic Quay 3, the central Glasgow Scottish court and tribunal building and the INTO Academic Facility at Exeter University, as well as securing a major pre-let with The UK Government following its acquisition of India Buildings in Liverpool.
Yvonne joins from M&G Real Estate where she held the position of Investment Manager on the £7bn+ Long Income Funds. Yvonne spent three years working at M&G, where she was involved in acquisitions and disposals as well as optimising value and asset management on the large property portfolios. She became the lead hotel and leisure sector specialist for UK and Europe. Prior to working at M&G, she was a Portfolio Fund Valuer at Knight Frank.
In a newly created role at Legal & General, Yvonne Ambo will be responsible for working with the Head of Long Income Transactions, Adam Kerr, to source suitable investment opportunities for the Annuity Fund and the LPI (Limited Price Inflation) Income Property Fund. The type of transactions will include sale and leasebacks, pre-let development, income strips and ground leases.
Gordon Aitchison, Director of Investment and Development at LGIM Real Assets, said: “Yvonne has significant experience at sourcing long income transactions, and we are delighted to welcome her on board to find and create more of these opportunities for our long income funds.”
Further information
Olivia Bayliss
Head of Communications
Capital and LGIM Real Assets
Notes to editors
LGIMRA is a division of Legal & General Investment Management (LGIM), one of Europe’s largest
institutional asset managers and a major global investor. LGIM manages £1.29 trillion1 ($1.57tn) in
assets, working with a range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.
LGIM Real Assets has assets under management of £36 billion2 ($43.8bn) and is one of the largest
private markets investment managers in the UK. Investing in both debt and equity and across the
risk/return spectrum, LGIM Real Assets actively invests in and manages assets across commercial,
operational and residential property sectors, as well as infrastructure, real estate, corporate and
alternative debt.
Taking a long-term view in order to future proof our investments, LGIM Real Assets continues to lead the industry in ESG performance, considering all environmental, social and governance issues at asset level as well as portfolio level.
1LGIM internal data as at 30 June 2022. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.
2Source: LGIM Real Assets. AUM data as at 30 June 2022.
*at 13 Jan 2023
IMPORTANT INFORMATION
For professional clients only. Past performance is not a guide to the future. The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Views expressed are of LGIM as at 12 January 2023. The Information in this document (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Legal & General Investment Management Limited. Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA. Authorised and regulated by the Financial Conduct Authority, No. 119272.