Legal & General : Capital commits £5bn of alternative asset investments globally, delivering new homes, offices, clean energy infrastructure and urban regeneration schemes – Marketscreener.com
Despite globally economic uncertainty, Legal & General Capital has significantly increased its alternative asset commitments in 2022, backing the delivery of over 17,000 new homes, 2.7m sq ft of commercial real estate across the UK and US, and investing in multiple innovative clean energy businesses to support the transition to a low carbon economy.
Legal & General Capital’s commitments in 2022 mean it is on track to deliver against its stated ambitions to generate up to £600m in profit from alternative assets by 2025, with returns of around 10% to 12% per annum, across its key focus areas of housing, SME finance, specialist commercial real estate, digital infrastructure and clean energy.
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Legal & General Group plc published this content on 03 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2023 09:27:01 UTC.
