Duo join from Essential Living and Berkeley
Legal & General (L&G) has created two new roles as it seeks to ramp up is modular housebuilding operation.
The investor - which last year unveiled plans to deliver 3,500 flatpack homes a year from a 550,000 sq ft factory in Yorkshire - has appointed Damon Brown as a construction manager and David Jones as modular integration director.
Brown, who joins from Essential Living, will be responsible for overseeing the construction activities within L&G’s principal urban regeneration projects and assist with L&G’s wider housing initiatives, including its investments into Build-to-Rent and Build-to-Sell.
Jones joins the business from Berkeley Homes and will be responsible for matching the investor’s factory with clients.
L&G said its modular housing business “seeks to modernise the home building industry by producing modern, precision-engineered manufactured units”.
James Lidgate, director of housing at Legal & General Capital, said: “Having built up a strong leadership with relevant housing expertise across our platform, L&G owns a successful portfolio of active housing related investments, notably: CALA, our Build to Rent (BTR) model and L&G Homes, all of which have proved profitable and which are projected to continue to grow successfully.
“Differentiated from our investors in this space, L&G’s long term, develop to hold approach allows it to invest for the future, developing high quality homes with an enduring appeal.”