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.
Image:

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 Lon...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Risk Management

Lisa Varley, Senior consultant at Aon

Industry Voice: Doing your homework on bulk annuity providers — ESG is key

Lisa Varley Senior consultant at Aon
clock 03 August 2022 • 4 min read
Hannah Brinton, Aon

Industry Voice: How to take just one bite at the buyout cherry

Hannah Brinton, Associate Partner at Aon
clock 28 July 2022 • 4 min read
Industry Voice: Reaching the settlement summit using member options

Industry Voice: Reaching the settlement summit using member options

At the outset, getting to your pension endgame may feel like an uphill climb, with a constant looming threat of storms to hamper your progress. So, what measures can be taken to ensure a smoother path to the endgame summit?

Jamil Merali and Gemma Cowan, Associate Partners at Aon
clock 07 July 2022 • 4 min read
Trustpilot