How we are rebuilding Britain
Legal & General is investing in towns and cities across the UK to build a future that is brighter for everyone.
Cardiff
We’re investing in towns and cities and levelling up the UK
Central Square
Over the years, Legal & General has invested nearly £1.1bn GVA in Cardiff. This includes a £475m project to regenerate Cardiff Central Square, which will bring 13,000 jobs. The project is the largest privately funded development in Wales and includes 318 build-to-rent homes and a 14-bay bus station.
HMRC Hub
The £117m Tŷ William Morgan, or William Morgan House, is home to 4,000 civil servants from several government departments. HMRC is the largest occupier.
BBC Cymru Wales HQ
The new BBC Cymru Wales HQ is home to 1,200 staff. With next generation web technology, it is the centrepiece of the Cardiff Central Square development.
The Interchange
Part of the £475m regeneration scheme, the Interchange building includes office space for 2,500 colleagues and 318 build-to-rent homes, and is the Legal & General HQ in Wales.
£200 million for trains
We have invested £200m to help finance a fleet of 60 new trains for the Core Valley Lines in and around Cardiff. The current ageing diesel fleet will be replaced with 36 light rail overhead and battery-powered trains, and 24 that can operate on diesel, electric and battery power.
Newcastle
Helix
Legal & General has invested £65m in Newcastle’s Helix. We are working with Newcastle City Council and Newcastle University to develop the site, which will provide office and research space and 450 homes and will create 4,000 jobs.
£5m donations
We have made a £5m charitable donation as part of a partnership with Newcastle City Council to enhance elderly care in the city. It will help fund additional independent living facilities for older residents and a ‘new model’ residential care home.
Manchester
ID Manchester
To maintain the city’s momentum in the life sciences sector, Bruntwood SciTech has invested £1.5bn in ID (Innovation District) Manchester. Bruntwood SciTech is a partnership between Legal & General and Bruntwood and develops innovation hubs all over the UK.
Innovation hubs
There are three Bruntwood SciTech innovation hubs in the Oxford Road area of Manchester. CityLab’s is a world-class hub for health innovation and precision medicine. Circle Square offers flexible workspaces and business support for technology businesses. Manchester Science Park offers office and lab space and specialist business support.
Slate Yard
The Slate Yard in Salford was our first build-to-rent scheme in Manchester. The 225-unit scheme offers residents a lifestyle they might otherwise not have access to.
West Tower
We acquired West Tower and North Tower in Manchester’s premier development on Deansgate, and added it to our innovative build-to-rent portfolio. Working with renowned architects Simpson Haugh, who are responsible for some of the city’s iconic landmarks, we made significant design improvements.
The Kensa Group
Legal & General Capital has invested £15.7m in Cornwall-based Kensa Group, one of the UK’s largest players in the ground source heat pump technology sector. Kensa Group is also helping us to achieve our own ambitious target of delivering operationally net zero homes by 2030.
Sunderland
The Riverside
Legal & General is investing £100m to deliver three new buildings in Sunderland as part of the wider Riverside Sunderland regeneration project, including a new Sunderland City Hall.
Hornsea
We provided £370m in financing support for Hornsea, the world’s largest offshore wind farm with 174 turbines. Located off the north east coast, it will produce enough power for a million homes. We’ve also invested in the Walney Extension, which is off the coast of Cumbria, and the Dudgeon Offshore Wind Farm off the east coast of England.
Sheffield
West Bar
Phase 1 of our West Bar development in Sheffield will support the local economy through the creation of a 100,000 sq ft office building with ground floor leisure and retail space. In the long term the scheme could deliver 6,000 – 8,000 new jobs.
Soho Yard
We are developing Soho Yard in West Bar, comprising 368 build-to-rent residential apartments. We will be providing green space and nearly 300 cycle storage spaces and connectivity with the surrounding cycle and walking routes.
Pod Point
Sheffield is among cities across the UK with Pod Point electric vehicle charging infrastructure. The Sheffield charging sites are part of a network of more than 6,000 charging points across the country. We invested in Pod Point at an early stage and supported it through its initial public offering.
