L&G and NatWest pension fund form JV to build retirement homes

Phil Bayliss

Legal & General has entered into a 15-year joint venture (JV) with NatWest Pension Trustee Ltd (NWPTL) to invest £500m in later living communities that will be developed and operated by Inspired Villages.  As part of the JV, Legal & General has sold a 50% stake in Inspired Villages’ first 11 sites to NWPTL based…

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