PRESS RELEASES
The most recent press releases for Legal and General Investment Management are listed below. For all press released please go to Legal & General Group web site by clicking here.
22/12/09 - LEGAL & GENERAL PROPERTY ACQUIRES COVENT GARDEN PORTFOLIO
Legal & General Property ("LGP") has acquired a portfolio of 11 freehold properties located in Covent Garden from ING Covent Garden Limited Partnership. The transaction was completed at a total consideration of £119.5 million, reflecting a net initial yield of 6.75% and an overall capital value of £563 per sq ft.
16/10/09 - LEGAL & GENERAL PROPERTY PASSES £100 MILLION MILESTONE IN ITS £600M INVESTMENT DRIVE
Legal & General Property ("LGP" / the "Company"), announces that it has completed over £110 million of acquisitions as part of its major investment drive to take advantage of the market volatility and capture the rare opportunities that are now unfoldingly in the US," explained LGIM Economist Tim Drayson at the recent Fundamentals briefing.
16/09/09 - ECONOMIC GROWTH MAY FALTER IN 2010 says LEGAL & GENERAL INVESTMENT MANAGEMENT
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31/07/09 - LEGAL & GENERAL PROPERTY APPOINTS NEW HEAD OF TRANSACTIONS TO LEAD INVESTMENT DRIVE
Legal & General Property ("LGP" / "the Company") announces that it has appointed Gordon Aitchison as Director of Transactions, a new role created to lead the Company’s acquisition push.
22/07/09 - PERSONAL ACCOUNTS TO BECOME INDUSTRY BENCHMARK SAYS LEGAL & GENERAL INVESTMENT MANAGEMENT
At today’s Fundamentals briefing, Ian Richards, Head of DC Strategy at Legal & General Investment Management (LGIM), stated that the consultation paper recently released by the Personal Accounts Delivery Authority (PADA) offers a level of insight unparalleled in terms of quality and depth. "Through the extensive research which has been commissioned, an extensive base of knowledge has now been amassed and is there for the taking." Ian explained.
20/07/09 - LEGAL & GENERAL PROPERTY LETS 208,000 SQ FT WAREHOUSE IN MANCHESTER TO BIFFA
Legal & General Property ("LGP") is pleased to announce that it has secured Biffa Waste Services Ltd ("Biffa"), one of the UK's leading waste disposal/recycling companies, as a tenant at Fusion, its 208,000 sq ft (19,323 sq m) high bay warehouse facility at Trafford Park, Manchester.
18/06/09 - LEGAL & GENERAL PROPERTY CELEBRATES HAT-TRICK OF AWARDS
Legal & General Property ("LGP") is celebrating several awards in recognition for its achievements over the year, after it was announced that it had been honoured as ‘Property Fund Manager of the Year’ at the Professional Pensions Awards; ‘Best Property Fund’ for the performance of Legal & General UK Property Trust over the course of the year at the Money Observer Fund Awards; and with a Silver Award at the Green500 Annual Awards 2009.
17/06/09 - CORPORATE GOVERNANCE IN THE UK NEEDS IMPROVEMENT SAYS LEGAL & GENERAL INVESTMENT MANAGEMENT
At today’s Fundamentals briefing, Mark Burgess, Head of Equities at Legal & General Investment Management (LGIM), stated that he thought the Combined Code provides a good framework for effective Corporate Governance.
13/05/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT DISCUSS WHETHER THE RECENT EQUITY MARKET RALLY IS SUSTAINABLE
At today’s Fundamentals briefing, Georgina Taylor, Equity Strategist at Legal & General Investment Management (LGIM) discussed the outlook for equity markets, commenting that: "Recent equity strength has split market commentators. While some argue we are simply in the midst of a bear-market rally, others believe we have now seen the green shoots of an economic recovery which will support a more sustained rise in equity markets."
12/05/09 - CENTRAL SAINT GILES ACHIEVES "EXCELLENT" RATING
Central Saint Giles, Legal & General and Mitsubishi Estate Company’s mixed-use development under construction on St Giles High Street WC2, London, has achieved a BREEAM "Excellent" rating for its offices.
12/05/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT HEDGE FUND WINS BEST NEWCOMER AWARD
The LGIM Global Macro Fund has won ‘Best Newcomer’ at the Hedge Funds Review 9th European Performance Awards held on 6th May 2009. The Fund was short listed against two other funds.
30/04/09 - LEGAL & GENERAL PROPERTY APPOINT INDUSTRY GURU GERRY BLUNDELL AS STRATEGY ADVISER
Legal & General Property ("LGP") is pleased to announce that it has appointed Gerry Blundell as a Strategy Adviser, working across its funds and supporting its research team, led by Robin Martin, LGP’s Head of Research.
27/04/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT WINS AT UK PENSION AWARDS
Legal & General Investment Management (LGIM) has once again been recognised as an industry leader, winning a total of three awards at the 2009 UK Pensions Awards ceremony organised by Professional Pensions.
21/04/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT APPOINTS NEW HEAD OF DISTRIBUTION
Legal & General Investment Management (Holdings) Limited (LGIM) is pleased to announce the appointment of Hugh Cutler as Head of Distribution. Hugh will have responsibility for developing LGIM’s new business strategy both in the UK and overseas.
15/04/09 - "Bond-Like Protection, Equity-Like Opportunities", Legal & General Property ask: Is Commercial Property fit for the future?
At today’s monthly Legal & General Investment Management (LGIM) Fundamentals briefing, Robin Martin, Head of Research for Legal & General Property (LGP) explained how the ‘convertible’ characteristics of commercial property make the asset class particularly attractive in the current uncertain economic environment.
30/03/09 - Legal & General Investment Management appoints new Non-Executive Director
Legal & General Investment Management (Holdings) Limited (LGIM) is pleased to announce the appointment of Kevin Carter as Non-Executive Director.
26/03/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT 2008 FINANCIAL RESULTS - ANOTHER EXCELLENT YEAR
Legal & General Investment Management (LGIM) had an outstanding year in 2008, despite the difficult economic conditions.
18/03/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT DISCUSS WHETHER THE UK ECONOMY WILL RECOVER EARLIER THAN OTHER ECONOMIES
At today’s Fundamentals briefing, James Carrick, Economist at Legal & General Investment Management discussed the outlook for UK economic growth, commenting that since last spring, "We have remained far more pessimistic about the outlook for UK economic growth than other economists. But as the global backdrop has deteriorated, that gap has now closed. We now find ourselves slightly more optimistic than consensus about the prospects for the UK economy."
04/03/09 - CRACKING THE CODE VITAL FOR INDUSTRY SAYS UK GREEN BUILDING COUNCIL
The UK Green Building Council (UK-GBC), of which
Legal & General Property is a key player, has today
called for the introduction of a Code for
Sustainable Buildings to cover all non-domestic
buildings, both new and existing.
18/02/09 - LEGAL & GENERAL INVESTMENT MANAGEMENT DISCUSS THE RISKS AND REWARDS OF INVESTING IN CORPORATE BONDS
At today’s Fundamentals briefing, Legal & General Investment Management’s credit strategist, Ben Bennett examined the corporate bond market, explained the key risks and identified the stellar opportunities which they may hold for investors.
16/01/09 - BILL HUGHES, MANAGING DIRECTOR OF PROPERTY, APPOINTED CHAIRMAN OF THE ASSOCIATION OF REAL ESTATE FUNDS
Bill replaces former AREF Chairman, Nick Cooper, Global CEO of ING Real Estate Select, who has helped build the profile, strength and reputation of the Association, which is now supported by 68 active members. Going forward, and working alongside AREF’s CEO, Rachel McIsaac, Bill will provide fresh leadership to drive the organisation forward.
17/12/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT GIVE ECONOMIC AND MARKET OUTLOOK FOR 2009
At today’s Fundamentals briefing, Legal & General Investment Management’s strategists gave their projections for the global economy and financial markets for 2009.
08/12/08 - LEGAL & GENERAL PROPERTY APPOINTS NICK DELANEY AS PLANNING MANAGER
Legal & General Property (LGP) is pleased to announce that it has appointed Nick Delaney as Planning Manager.
24/11/08 - LEGAL & GENERAL PROPERTY CALLS FOR GREATER INCLUSION OF CLIMATE CHANGE AWARENESS IN INVESTMENT STRATEGIES AT FIRST CLIMATEWISE REVIEW
At today’s ClimateWise: One Year Review event in the City of London, Bill Hughes, Managing Director of Legal & General Property, will call for greater adherence to climate change issues in both the property and insurance industry’s culture, citing benefits realised through progress made to date within LGP.
19/11/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT ASKS WHETHER UK EQUITIES ARE GOOD VALUE AT THE MOMENT
At today’s Fundamentals briefing, Georgina Taylor, Equity Strategist at Legal & General Investment Management examined a number of indicators that help determine whether UK equities are currently a good buying opportunity.
15/10/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT EXPLAIN WHY THE UNITED STATES WON'T SPIRAL INTO A JAPAN-STYLE SLOWDOWN
At today’s Fundamentals briefing, Tim Drayson, Economist at Legal & General Investment Management discussed why the US financial crisis will not necessarily mimic the extended period of anaemic growth and falling asset prices that has plagued Japan for more than a decade.
18/9/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT OUTLINES THE NECESSARY DRIVERS OF AN EQUITY MARKET RECOVERY
At today’s Fundamentals briefing, James Carrick, Investment Strategist at Legal & General Investment Management (LGIM) identified four key factors which could support an equity market recovery - cheap valuations, low inflation, loose global monetary policy and an improvement in economic growth.
16/9/08 - Leading industry figures kick off UK-GBC Code for Sustainable Buildings task group
Leading figures from across the built environment community, will be working with the UK-GBC over the next six months to scope out a Code for Sustainable Buildings.
29/8/08 - First BBP/Green500 Partnership Formed with Legal & General Property
Legal & General Property is the first major UK commercial property investor to trialscheme to drive sustainable performance through closer working relationships between landlords and tenants.
18/8/08 - LEGAL & GENERAL PROPERTY PROMOTES FUND MANAGER PAUL EDWARDS TO BOARD
Legal & General Property ("LGP" / "Company") is pleased to announce that it has appointed Paul Edwards to the LGP Board as Director with effect from 1st August 2008.
23/7/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT DISCUSS THE ROLE OF THE BOARD CHAIRMAN
At today’s Fundamentals briefing, Mark Burgess, Legal & General Investment Management’s Head of Equities, explained why the ‘board chairman’ is pivotal to corporate governance.
22/7/08 - MARK CREEDY RESIGNS FROM LEGAL & GENERAL PROPERTY
Legal & General Property (LGP) has today announced that Mark Creedy has resigned as a Director of LGP, its subsidiaries and the various General Partner boards of which he is a Director, to take on a fresh challenge.
18/7/08 - LEGAL & GENERAL PROPERTY APPOINT ANDY BANKS AS FINANCE DIRECTOR
Legal & General Property is pleased to announce that is has appointed Andy Banks as Finance Director. Andy rejoins Legal & General Property form New Star, where he spent 18 months as Chief Operating Officer for Property.
07/7/08 - LEGAL & GENERAL PROPERTY AND COLLEGE OF ESTATE MANAGEMENT UNVEIL PIONEERING NEW PARTNERSHIP AND MILESTONE FOR PROPERTY INDUSTRY AND SUSTAINABILITY
Legal & General Property and the College of Estate Management are today, 7 July, 2008, delighted to announce an exciting new partnership dedicated to embedding the principles and practice of sustainable working throughout the property industry.
18/6/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT DISCUSS THE CHALLENGES FACING THE FUTURE OF PENSION SCHEMES
At today’s Fundamentals briefing, Ian Richards, Legal & General Investment Management’s Head of Defined Contribution (DC) Strategy, highlighted some of the challenges facing the future of pension schemes.
21/5/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT HIGHLIGHTS RISK OF UK RECESSION
At today’s Fundamentals briefing, James Carrick, Investment Strategist at Legal & General Investment Management flagged the possibility of a UK recession. "While the Bank of England anticipates below-trend growth in 2008 and a recovery in 2009, our recession predictor is suggesting concern", he says.
16/4/08 - LEGAL & GENERAL INVESTMENT MANAGEMENT SAYS THAT UPWARD PRESSURE ON COMMODITY PRICES SHOULD CONTINUE DESPITE US RECESSION
James Carrick, Investment Strategist at Legal & General Investment Management said in today’s Fundamentals briefing that even though the US economy is entering a recession, commodity prices should continue to rise because of strong demand in emerging economies.
18/3/08 - LEGAL & GENERAL PROPERTY ANTICIPATE MARKET RECOVERY IN SECOND HALF OF 2008
In today’s Fundamentals briefing Rob Martin, Head of Performance Analysis and Research at Legal & General Property said that he expected total returns on property to turn positive again in the second half of 2008.
13/2/08 - Scope for interest rate cuts limited by falling value of the pound says Legal & General Investment Management
James Carrick, Investment Strategist at Legal & General Investment Management said in today’s Fundamentals briefing that although the Federal Reserve has been cutting interest rates aggressively, the weakness of the pound may mean that there are fewer cuts in the UK than some commentators are predicting.
12/12/07 - Legal & General Investment Management warns that consensus growth forecasts inconsistent with easing inflation
At today’s Fundamentals briefing James Carrick, Investment Strategist at Legal & General Investment Management, said that global inflation remains a major concern for markets in 2008.
21/11/07 - Legal & General Investment Management sees reason to be optimistic about UK prospects
At today’s Fundamentals briefing James Carrick said that he felt some commentators were being overly pessimistic about the prospects for the UK consumer.
24/10/07 - Legal & General Investment Management says despite US rate cuts global risks remain
At today’s Fundamentals briefing Julien Garran stated that although markets have reacted positively to the recent US rates cuts, risks to the global economy are on the rise.
4/10/07 - Legal & General Investment Management appoints Bill Hughes as Managing Director, Property
Legal & General Investment Management (LGIM) has appointed Bill Hughes as Managing Director of its Property Fund Management business, Legal & General Property (LGP).

