Legal & General Capital has announces two key hires for its in-house later living division.
Ben Rosewall, previously senior director in the healthcare & retirement housing division at CBRE, joins the later living business as head of investment, while and Dandi Li joins as investment manager, having previously held the role of senior associate at London & Regional Properties.
Rosewall has over 15 years’ experience providing consultancy and valuation services to operators, investors and lenders across the healthcare and retirement housing sector. He will be driving transactions and increasing the scale of Legal & General’s later living portfolio, working alongside Phil Bayliss, CEO of later living.
Li joins Legal & General with six years investment experience in the hospitality and residential sector, most recently at a UK private real estate investment company where Li was responsible for investment analysis and transactions in hotel and portfolio acquisitions across Europe and North America.
Bayliss said: 'As we continue to look at our capital strategy and review opportunities to rapidly expand our portfolio, Ben and Dandi will be integral in supporting Legal & General’s continued growth in this sector.'
In the two and a half years since Legal & General entered the later living sector, it has established two business lines, Inspired Villages and Guild Living, developers and operators of out of town and urban later living communities respectively. The combined gross development value of these businesses exceeds £2.8 bn (€3.36 bn).