L&G eyes more housing work as it launches affordable homes arm

By Hamish Champ2018-04-27T06:01:00

New operation further increases insurance giant’s scope in housing market

Insurance giant Legal & General is ramping up its presence in the housing sector by launching an affordable homes business.

It aims to build 3,000 units a year by 2022 and the news comes just weeks after the firm paid £315m to take full control of Scottish housebuilder Cala Homes.

L&G has already launched a modular housing business with units being manufactured from a site on the outskirts of Leeds.

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