Legal & General acquire B&Q and Homebase sites in Wandsworth following advice by Quod
Quod is pleased to have advised Legal & General on its acquisition of two major redevelopment opportunities along Swandon Way in Wandsworth. With this latest acquisition, Legal & General said it has brought its total BTR pipeline to nearly 5,000 homes across the country. The latest scheme is Legal & General’s largest scheme to date.
Dan Batterton, Head of Build to Rent at Legal & General Investment Management Real Assets said: “This latest acquisition is another great example of Legal & General investing in a location with significant urban regeneration potential and providing large scale sustainable rental schemes which will have a positive socioeconomic impact. The location is highly desirable for renters and, with 1,000 units planned for the site, demonstrates Legal & General’s ambition to make a real impact on the delivery of new homes within the UK.”
Paul Miller, MD principal investing at Legal & General Capital, said: “As renting continues to become a tenure of choice in the UK, the delivery of high density, high-quality developments with vibrant communities is becoming more and more important.
“To do this, we need to deliver schemes which offer well-connected housing options, which are carefully integrated into the public realm, maximising our existing infrastructure and supporting economic growth.”
Quod advised on planning, EIA and development economics having obtained detailed planning permission for the B&Q site for RPMI Railpen.
Quod is also advising Legal and General on its Woolwich Town Centre site which will deliver 650 new BTR homes.
If you would like more information please contact Ben Ford
