Legal & General to develop £500m BTR scheme in Wandssworth
Legal & General has exchanged contracts on two adjacent sites in Wandsworth, which will combine to deliver its largest Built-to-Rent (BTR) scheme to date. The scheme has been acquired by the Legal & General BTR Fund, PGGM and Legal & General Capital.
Paul Miller, managing director, principal investing, at Legal & General Capital, said, “As renting continues to become a tenure of choice in the United Kingdom, the delivery of high-density, high-quality developments with vibrant communities is becoming more and more important. To do this, we need to deliver schemes which offer well connected housing options, which are carefully integrated into the public realm, maximizing our existing infrastructure and supporting economic growth. This latest development in Wandsworth, our largest BTR acquisition to date, is a perfect example, offering 1,000 new rental homes alongside improving the station infrastructure and offering commercial real estate space to support loc