L&G exchanges contracts on £400m Cardiff regeneration project
Legal & General has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property.
“Legal & General’s activity across the South West and Wales demonstrates how our varied capital streams can be put to work to create real high-quality assets which have a significant long term socioeconomic impact in the region,” said Kerrigan Procter, CEO of Legal & General Capital. “Cardiff Central Square is a prime example of how we are creating assets for Legal & General Retirement to back pension risk transfer deals and that can form part of LGIM-managed funds, while delivering jobs, housing, infrastructure and exponential economic growth. This is inclusive capitalism at its best.”
Comprising more than 500,000 square feet, the final major element of the £400 million ($490 million) regeneration scheme will include: the much anticipated new Bus Stati