Legal & General Affordable Homes has announced the acquisition of its largest single scheme to date, Deanston Wharf, which will provide 207 new affordable homes within Ballymore’s Royal Wharf regeneration scheme in East London. As a result, Legal & General Affordable Homes’ development pipeline now stands at more than 6,000 homes across the United Kingdom, with 1,000 homes currently in operation, worth a total gross asset value of more than £1 billion (€1.17 billion/$1.4 billion).
According to research, 7.6 million people in England had at least one major housing problem relating to overcrowding, affordability or poor-quality housing going into COVID-19. With scarcity of affordable housing in the capital being particularly stark and development starts falling 66 percent during the pandemic, Legal & General is continuing to tackle the major health and well-being implications of poor housing in the areas that need it most. It now has more than 1,000 afforda
