L&G Investing £2 Billion In Purpose Built City Centre Retirement Villages
While many house builders heavily target the first time buyers market, insurance and funds management giant L&G is placing a £2 billion bet on the other end of the property investment spectrum – ‘last time buyers’. The financial services powerhouse has established a new subsidiary business called ‘Guild Living’, which will build and manage retirement villages it plans to locate in central urban areas.
The company is hoping to tap into what it believes is an
Guild Living is targeting struggling city
The first two
Another L&G company, Inspired Villages Group, acquired in 2017, is also focused on building and managing retirement villages and care homes. However, its strategy is different, focusing on out-of-town, rural sites. It has targeted the building of 4000 homes over the next 5 years.
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