L&G and Natwest fund form JV for net-zero housing project

The houses will be delivered by an L&G-founded retirement homes provider

Hope William-Smith
clock • 2 min read
Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture.
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Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture.

Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture (JV) to finance the delivery of 5,100 “net-zero carbon later living” homes.

The 15-year deal - announced today (3 August) between L&G and the defined benefit scheme of Natwest Pension Trustee (NWPTL) - will see the £500m invested in later living communities operated by London-based...

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