City of London secures £125m green investment

The City of London Corporation has secured a £125m investment from LGIM Real Assets, issued through a green framework.

It will be used to fund a number of major projects, including plans to consolidate three wholesale food markets and relocate the Museum of London.

The financing framework was verified by industry consultant DNV-GL, which independently assesses green bond information and data.

Steve Bolton, investment manager at LGIM Real Assets, said: “This is an excellent opportunity for us to invest our annuity funds into the UK economy, and support the regeneration of key locations in the City