Legal & General Capital is pleased to announce that its housebuilding arm, Legal & General Homes has won a prestigious award for its Buckler’s Park development in Crowthorne.
26 Nov 2018
Legal & General Capital is committed to using its patient capital to unlock and create economic, social and environmentally useful investments across the UK.
Legal & General Homes has been awarded Best Business Contribution to Social Value in the Social Value Awards 2018 for its commitment to creating economic, social and environmental benefits for the area surrounding Buckler’s Park.
Legal & General Homes was the first housebuilder in the UK to formally incorporate social value into its developments, helping ensure that the places it creates are inclusive and benefit the existing community.
In 2017, Legal & General Homes worked with Social Value Portal, an independent body that measures societal impact, to develop and sign the first Social Value Charter in the UK. It consulted with local businesses, faith groups, traders and parish councils and surveyed over 430 private residents to identify the priorities, needs, challenges and opportunities for the local area.
Legal & General in Housing
Legal & General has been involved in supply side housing activities for nearly 20 years. These include:
John Allan, Managing Director of Legal & General Homes, comments: “We’re thrilled to accept this award which recognises our approach to social value and the team’s hard work to deliver it over the past 12 months.
“From day one we’ve been dedicated to building homes and communities where we would be happy to live with our own families. To do that, we know that we need to get involved on the ground and listen to what our communities want. Crowthorne and its residents have played a vital role in progress at Buckler’s Park over the past year. We’ve hired 81 people from the surrounding area, supported the causes closest to residents’ hearts and worked to enhance and protect the local environment.”
Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its capabilities in a range of alternative sectors, including in residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital, which are all supported by long-term structural growth drivers, meet a financing gap and respond to a scarcity of supply that is underpinned by enduring societal needs.
Its purpose is to invest society’s capital for society’s benefit. Investing in the real economy and supporting the Group’s focus on climate and inclusive capitalism, LGC’s investments create jobs, change lives and contribute towards a net zero carbon future.
Legal & General has invested over £29bn in levelling-up regional economies, including through major UK-wide regeneration schemes and has recently made a commitment to enable all its new homes to operate at net zero carbon emissions from 2030.
*at 31 Jun 2021
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
*as at HY 2023