DfE Confirms Tuition Fee Freeze
22nd Jan 2021
Legal & General Investment Management's real asset division has announced that it is putting £25.6 million into the development of two student accommodation blocks in Lincoln.
Once built, the development will consist of 301-ensuite rooms across two blocks, with the developer, EBW Developments tasked with delivering the project by Q4-2019.
Legal & General has also added that the blocks are pre-let to the University of Lincoln for 21 years.
A senior fund manager at Legal & General, Derek Gilby, said of their development, "We believe that quality facilities help to provide a quality education."
"This is an excellent buy for the fund, offering a secure long-term income stream from an investment grade University as well as satisfying our objective of continuing to secure public sector tenants for the fund."
