Legal & General and Cala Home invest in new residential JV
Transactions - JANUARY 20, 2023

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Legal & General and Cala Home invest in new residential JV

by Andrea Zander

Legal & General’s Suburban Build-to-Rent business (LGSBTR) and Cala Homes have agreed to an exchange of 107 homes at Buckler’s Park, Crowthorne, in Southeast England. This is the first forward-funding transaction between LGSBTR and major homebuilder Cala, which are both owned by Legal & General Capital.

The 107 homes are expected to be completed in 2025 and will comprise two- and three-bedroom houses constructed to the new Part L standards with electric vehicle-charging (EVC) points and air-source heat pumps. The wider Buckler’s Park 1,000-home masterplan, led by Cala’s Thames business, will include a community and sports hall, nursery, café, flexible meeting spaces, and a new primary school.

“Demand for new homes remains high across the country, so it is vital to keep investing in and developing multi-tenure offerings to suit the diverse needs of housing customers. At Legal & General SBTR, we aim to deliver the high-quality housing stock with re

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