Legal & General completed over £4.1 billion of UK property deals in 2014.

Legal & General completed over £4.1 billion ($6.12 billion) of UK property deals in 2014. 

The property arm of the UK-listed insurance giant invested £3.6 billion and disposed of circa £0.5 billion in the market - making it one of the most active UK investors. This is up significantly from £2.5 billion in 2013. 

“Concluding £4.1 billion of transactions in the past 12 months alone means that not only do we continue to be one of the most active UK property investors, but we have also continued to surpass our own strong track record of deal flow year-on-year. This has been achieved in part through the execution of creative, off-market deals and leading the way in the understanding of emerging sectors. For us, this is about strength of contacts and, above all else, quality over quantity.” said Bill Hughes, managing director of Legal & General Property.

And Legal & General Property (LGP) has boosted its team this year with the appointment of senior transactions manager - Matthew Bird – who joins from Frogmore. He spent nine years at the UK private equity real estate fund manager where he was responsible for originating and executing investment acquisitions and joint ventures.  

His appointment follows that of senior transactions manager, Tom Roberts, who recently joined LGP’s transactions team from DTZ as well as head of residential, James Lidgate, who joined in March from Bellway Homes.