Thursday, June 27, 2019

Legal & General Strikes $5 Billion Modular Housing Joint Venture with Oxford University

The huge British insurer and modular home company has formed a 50:50 partnership with the university on the project and said it could replicate the joint venture with other academic institutions in the future.

Legal & General said the use of shareholder capital would help it develop the “right real assets” and help de-risk its pensions and funds ran by its investment management unit.

The insurer has become more active in Britain’s housing market in recent years, including developing a modular housing factory in Yorkshire in the North of England to produce more than 3,000 flatpack homes a year.

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