L&G build-to-rent fund increases to £1bn

New-build-east-dulwich-REX-THUMBLegal & General Investment Management Real Assets has raised a further £170m of equity investment from major institutions, including a significant commitment from a client of Aon Hewitt, for an open-ended build-to-rent fund. The new fund will open up the rental market to long-term pension and institutional investors, and sits alongside £600m of investment by Legal & General Capital and PGGM in 2016. LGIM Real Assets’ total investment capability for build to rent now stands at circa £1bn. Since the launch of the LGIM Real Assets build-to-rent platform, it has secured over