A UK rental housing investment partnership between insurer Legal & General (L&G), Dutch pension fund manager PGGM and UK workplace pension scheme NEST has acquired a London site for a £350m (€401m) project.
The Access Development Partnership (ADP) has acquired a six‑acre brownfield site between Clapham, Stockwell and Brixton, all in the south of the capital, from the UK’s National Health Service (NHS) for the build-to-rent project.
The 700-home scheme, including private and affordable homes, will be operated by L&G on completion.
Source: realassets.ipe.com on the 25th of February