Legal & General (L&G) has formed a new partnership with Japanese developer Nomura Real Estate Development to deliver more than 1,000 build-to-rent (BTR) homes in the UK.
While finanicial details were not disclosed, IPE Real Assets understands that the majority of the funding for the joint venture will come from Nomura Real Estate, with the remainder from L&G.
The partnership has been launched with the acquisition of a site in Herne Hill, in South-East London, for the development of 200 rental homes.
Source: realassets.ipe.com on the 26 March 2025
https://realassets.ipe.com/landg-joins-forces-with-nomura-real-estate-to-deliver-uk-residential-assets/10129667.article