Legal & General and Hyde Group form 50/50 joint venture with 1,000-home seed portfolio

  • Legal & General and Hyde Group formed a 50/50 investment partnership to deliver affordable homes across the UK.
  • The partnership launched with a seed portfolio of more than 1,000 homes across social rent and shared ownership tenures.
  • Homes will be acquired by two jointly owned for-profit registered providers, Halesworth and Lanecroft Homes.
  • Hyde will provide housing management services, including through its Pinnacle platform.
  • L&G said it has invested more than GBP 1.0 billion through its Affordable Homes business and has a GBP 2.0 billion commitment to social impact and growth across the UK.


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