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UK: The Scottish National Investment Bank has invested £50 million into L&G’s Build-to-Rent (BTR) Fund, supporting the delivery of high-quality, purpose-built privately rented homes across Scotland.
L&G has £5 billion of assets under management across its housing platform. Through its BTR strategy, it has deployed over £4 billion of capital, delivering more than 10,000 homes across the UK.
The BTR fund incorporates strong ESG (environmental, social and governance) standards, with targets to achieve net zero operational carbon for all new buildings within its portfolio by 2030. It also implements climate-resilient designs that achieve an EPC B rating or higher.
Dan Batterton, head of housing, asset management at L&G, said: “We’re delighted to welcome the Scottish National Investment Bank as an investor in L&G’s BTR Fund, reflecting a strong alignment between our organisations’ investment objectives and shared commitment to supporting housing delivery.
Scottish National Investment Bank invests £50m in L&G’s Build to Rent Fund. BTR is a core component of L&G’s wider housing strategy, enabling us to deploy patient, long‑dated capital into areas of acute need while delivering resilient, stable returns and enduring social and economic value. This latest investment further strengthens the Fund’s ability to scale its development pipeline and accelerate delivery, as it continues to see strong interest from investors seeking long-term exposure to the UK rental market.”
As an impact investor, the bank’s support for L&G’s Build to Rent Fund aligns with its mission to invest in places to create thriving communities and address Scotland’s housing shortage. It also aligns with its mission to support the transition toward a net zero economy.
Nicola Douglas, executive director of sustainable investment at the Bank, said: “High-quality private rental homes are an essential part of meeting Scotland’s housing need and creating thriving places, and the Build to Rent market is an established route to attracting private capital at scale. The Fund’s focus on delivering high-quality, sustainable homes aligns to the Bank’s approach, and it supports tenants by offering professionally managed homes that support workforce mobility and a broad range of the modern renters’ needs, all while breathing new life into urban neighbourhoods.”
Highlights:
- The Scottish National Investment Bank has invested £50 million into L&G’s build-to-rent (BTR) fund
- L&G has deployed over £4 billion of capital in to BTR, delivering more than 10,000 homes across the UK
- As an impact investor, the Bank’s support for L&G’s Build to Rent Fund aligns with its mission to invest in places to create thriving communities and address Scotland’s housing shortage
