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Trowers & Hamlins advises Legal & General on establishment of affordable housing provider

Trowers & Hamlins advises Legal & General on establishment of affordable housing provider

International law firm Trowers & Hamlins has advised Legal & General on the successful registration of Legal & General Affordable Homes with the Regulator of Social Housing.

As well as advising on the regulatory aspects of the new provider, the firm has been advising Legal & General on the operational set up of their Affordable Homes division.

Legal & General plans for the new company to be a leading private affordable housing provider in the UK, using equity funding to deliver 3,000 homes per year within the next four years. 

The Trowers & Hamlins team was led by Partner, Rob Beiley who commented:

"We are delighted to have worked with the team at Legal & General on this important initiative, which will materially increase the supply of affordable housing in the UK at a time of a critical shortage.  Legal & General's investment in the sector is evidence of increasing investor confidence in direct equity investment in affordable housing; a trend we expect to see continuing in the coming years."