Legal & General hires senior investment expert as it strengthens commitment to the housing sector
Legal & General Capital (LGC) announces the appointment of David Reid as Senior Investment Manager, supporting its ambitions to continue to expand its Build To Rent (BTR) investment activities. David will be responsible for managing LGC’s existing rental housing investments and providing leadership and innovation to new investment opportunities.
Since 2016, LGC has invested through a joint venture with PGGM in Legal & General Investment Management’s market-leading BTR platform. Alongside the joint venture, LGIM has raised significant pension fund capital for an open-ended BTR fund, creating a pipeline of attractive, high quality assets for its customers, and offering flexibility and security of tenure to renters. It now has over 5,000 homes completed, in planning or under development, across fourteen BTR schemes.
David Reid:"I am excited to be joining the Legal & General Capital team and believe the business has huge potential to innovate and grow further within the BTR sector. I look forward to helping to generate the strategies to best deliver on the opportunities ahead."
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Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (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.