LGIM Real Assets (“Legal & General”) announces that it has hired Alex Mountford as Senior Asset Manager, to focus on some of its key retail assets within Legal & General’s £3.3bn Managed Fund.
23 Jan 2018
Legal & General committed almost £400m last year alone into improving and evolving its retail destinations for its consumers. The company now has an established team of more than 30 retail specialists.
Alex has 13 years’ experience in the retail sector, joining from Linkcity (Bouygues) where he held the position of Senior Leasing Manager. Whilst at Linkcity, Alex was responsible for the retail strategy and delivery on major mixed use developments in London and the South East. Prior to that, he was an Associate Director in the retail teams at CBRE and DTZ advising investors on leasing and development strategies on Shopping Centre and In-town retail assets as well as advising on a number of national occupier mandates. During his career Alex has worked on some major schemes including Westfield Stratford and Birmingham Grand Central and national portfolio mandates for Vodafone, Barclays and Natwest. Alex qualified as a Chartered Surveyor in 2007.
The Managed Fund is an open-ended Fund available to occupational pension schemes. Currently valued at £3.3bn, a focus on income enhancement and added value creation is key to the strategy of this fund.
Mark Russell, Senior Fund Manager at LGIM Real Assets:
Our LGIM Real Assets platform and the Managed Fund continue to grow at pace. We are delighted to bring someone of Alex’s calibre onto our team to oversee some key value-add retail projects as well as supporting further growth activities in the sector. Alex’s wide-ranging expertise and experience in working and improving retail assets will be invaluable to our ambitions.
Notes to editors
Legal & General Investment Management Real Assets (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 £1.28tn in assets (as at 31 December 2020), 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 £36.3bn (as at 31 December 2020) 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. In 2021, we are implementing a strategy as part of our commitment to net zero carbon emissions across the real estate equity business by 2050, and have also committed to measuring social value across 20% of our platform by the end of the year.
(As of June 2021)
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. Past performance is no guarantee of future results. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances.
Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With almost £1.3 trillion in total assets under management*, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pension risk transfer, alternative asset origination, life insurance, workplace pensions and retirement income. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
* at 30 June 2021