Legal & General Property
Legal & General Property (LGP) is one of the top three Institutional Property Fund Managers in the UK with £9.8 billion of funds under Management (as at end December 2010) and a 30 year track record operating in commercial real estate. LGP currently manages or co-manages 16 separate funds or vehicles and 2 segregated mandates, comprising 430 properties and 3,400 tenants through a team of 86 real estate specialists, including 40 Fund and Asset managers.
LGP is the property arm of Legal & General Investment Management (LGIM), the Fund Management Company of the FTSE 100 listed Legal & General Group. LGIM is a leading UK Fund Management group, with £342 billion of assets under management (as at end of September 2010). Funds managed by LGIM collectively hold around 5% of the UK stock market.
LGP aspires to be at the leading edge of the sustainability agenda. We recognise that our business activities result in both direct and indirect environmental impacts and that our responsibilities extend beyond shareholders, customers and employees to the wider community and include responsible environmental management.
We are committed as a company to managing our business with the aim of reducing our direct and indirect environmental impacts and believe that this is an important step towards increasing the sustainability of our business in the long term.
“Given the scale of our property fund management businesses in the UK, we understand the importance of continually improving the sustainable performance of our industry and have made this one of our key targets going forward. The BBP provides a platform from which we, as an industry, can work together to drive our performance in sustainability, placing it at the top of the agenda. L&G believes that through collaborative working, we can help to foster a greater understanding of the underlying principles and driving forces behind sustainable development and more rapidly increase standards through the continuous improvement of the sustainability credentials of new and existing buildings.” - Bill Hughes, Managing Director of Legal & General Property