Legal & General’s Build To Rent scheme will be largest in Wales

Legal & General has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property.

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The company has revealed that it’s creating over 13,000 jobs, thousands of homes and improved infrastructure in the South West and Wales, through major regional regeneration schemes in towns and cities such as Bath, Bristol, Swindon, Weston-Super-Mare and Cardiff.

Comprising over 500,000 sq ft, the final major element of the £400m regeneration scheme will include: a new Bus Station; 318 Build To Rent (BTR) apartments; and 100,000 sq ft of Grade A office space.

Legal & General has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property.

The company has revealed that it’s creating over 13,000 jobs, thousands of homes and improved infrastructure in the South West and Wales, through major regional regeneration schemes in towns and cities such as Bath, Bristol, Swindon, Weston-Super-Mare and Cardiff.

Comprising over 500,000 sq ft, the final major element of the £400m regeneration scheme will include: a new Bus Station; 318 Build To Rent (BTR) apartments; and 100,000 sq ft of Grade A office space.

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Kerrigan Procter CEO | Legal & General Capital

With Cardiff’s population expected to grow significantly over the next 20 years, increasing pressure is being put on its housing provision and infrastructure. We are delighted to announce Wales’ largest Build to Rent scheme, which will help to address the growing challenges, offering high quality, affordable homes on long term flexible leases for elective renters.

The delivery of high-quality developments with vibrant communities is becoming more and more important. This latest project is the perfect example and will have a positive long-term impact for Cardiff and the South West more widely, maximising our existing infrastructure and supporting economic growth and job creation.

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Dan Batterton Head of Build to Rent | LGIM Real Assets

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