Legal & General (L&G) and the Natwest Group Pension Fund have formed a £500m joint venture to finance the delivery of 5,100 “net zero carbon later living” homes.
The 15-year deal – announced earlier this week by L&G and the defined benefit scheme of Natwest Pension Trustee (NWPTL) – will see the £500m invested in later living communities operated by London-based retirement housing provider Inspired Villages.
L&G Capital CEO Laura Mason said the firms were “determined to use society’s capital for society’s benefit”.
“Net zero later living communities, which help to tackle climate change while addressing years of underinvestment …
