The joint venture between Legal & General Capital (LGC) and Dutch pension fund manager PGGM to build 3,000 new homes to let is the latest attempt to grow institutional capital on the stony ground of the UK private rental sector.
The joint venture between Legal & General Capital (LGC) and Dutch pension fund manager PGGM to build 3,000 new homes to let is the latest attempt to grow institutional capital on the stony ground of the UK private rental sector.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.