Legal & General has agreed to terms with Bristol City Council to invest £350 million (€408 million/$487 million) into Bristol Temple Island, England, transforming the disused site into a vibrant new urban quarter.
With a focus on social inclusion through affordable housing, training and employment opportunities, Temple Island will support the city’s plans to build back better and back the creation of 2,000 new jobs.
Using the United Kingdom’s pensions and savings to drive economic growth in the region — post-COVID — Temple Island will complement the wider “Temple Quarter” partnership, which includes Bristol City Council, the University of Bristol and Network Rail. Legal & General is already a significant investor in Bristol, having committed £310 million (€362 million/$431 million) to nearby build-to-rent and modular housing schemes, alongside commercial real estate, such as a Civil Service hub and the Quayside Bristol office development.
