Legal & General Group plc has enhanced its real estate capabilities through the strategic acquisition of a 75% stake in Proprium Capital Partners. As part of this development, Proprium is expanding its European footprint by bringing in a 17-member team from BC Partners Real Estate (BCPRE), adding approximately $1 billion in assets under management. The BCPRE team, established in 2018, will continue to manage its existing portfolio, including assets such as Edgar Suites in Paris and 1 Museum Street in London’s West End, under the Proprium platform. This move supports L&G’s ambitions to grow its Private Markets platform to £85 billion in assets under management by 2028 and further strengthens its position in the global real estate sector.

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