Legal & General is launching its first batch of affordable homes, including 50 shared-ownership units in Leon House, a former 1970s brutalist office block in Croydon.
L&G’s affordable homes division said it had secured four schemes, across the UK, covering 278 homes and planned to deliver 3,000 affordable homes a year by 2023.
Ben Denton, managing director of Legal & General Affordable Homes, said his group was “committed to offering a choice of tenures to future residents, deploying institutional capital at scale and pioneering new partnership models.
“This range of routes to market will help us meet our ambition to become a leading affordable housing provider in the UK and deliver the volume of affordable homes which the country desperately needs.”
Denton said L&G had secured a pipeline of 40 sites across the UK and aimed to deliver 1,500 affordable homes in the next two years.
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