Legal & General invests in largest regional pre-let in a decade

Legal & General has forward funded its 10th Government Hub in the center of Leeds. The buildings have been purchased for £211 million ($258 million) from joint venture partners, Canada Pension Plan Investment Board and Hermes Investment Management.

Totaling 377,730 square feet across eight floors, Wellington Place includes two class A office buildings with BREEAM Excellent status, basement car parking, and associated retail and leisure facilities.

Representing the largest regional “pre-let” in a decade, this latest Government Hub is situated in the center of Leeds, Wellington Place, and has been fully leased to The Secretary of State for Communities & Local Government on behalf of HMRC and NHS Digital.

The latest deal, which is funded by Legal & General Retirement, is creating and supporting 15,000 local jobs and driving regional economic and productivity growth. Over the past three years, Legal & General has invested more than £1.5 billion