Legal & General has entered into a 15-year joint venture partnership with NatWest Pension Trustee Ltd., the defined benefit pension scheme of NatWest Group, to invest £500 million (€586 million/$696 million) of equity to build later-living communities that will be developed and operated by Inspired Villages.
The deal supports Inspired Villages’ next stage of growth as it scales up its ambitions to deliver net-zero carbon later-living communities across the United Kingdom to meet the fast-growing need for specialist later-living accommodation.
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