L&G lining up management team for affordable housing operation

By Hamish Champ2018-04-30T06:01:00

Newcomers will oversee affordable home construction and operational management

simon century

Legal & General is hoping to put together a management team “numbering in the dozens” in a matter of weeks to run its new affordable house building operation.

Last week the investment giant announced the creation of the new business which plans to build 3,000 affordable annually within four years.

Backed by a direct investment programme in the UK worth £15bn L&G aims to become a bigger player in the house building market, using its financial clout to make its mark on the sector, although it declined to reveal how much turnover it expected the new business to generate a year.

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