Legal & General (L&G) has acquired the New Waverley office development scheme in Edinburgh from UK developers Artisan Real Estate for a reported £100 million (€112 million).

 

L&G secured the development on behalf of Legal & General Retirement, which targets high-quality, long-term, income generating UK assets. The deal follows a pre-let agreement announced in July 2017 with the UK government to create an office hub at New Waverley.

Property EU – 18 October 2017