Legal & General has bolstered the management side of its housing team as part of plans to expand its offsite manufacture operation.
The new appointments form part of L&G’s plans to build 3,000 homes a year and a pipeline of 70,000 homes over the next decade from a new factory in Leeds.
L&G announced that it had hired Essential Living’s Damon Brown as construction portfolio manager as well as Berkeley’s David Jones as modular integration director.
Brown will be responsible for overseeing construction activities within L&G’s principal urban regeneration projects as well as assisting in wider housing initiatives, including Build to Rent for the firm.
Jones’ role will see him liaise between clients and the production side of the modular homes business. When fully operational, L&G expects to be able to produce 3,500 homes a year.
L&G Capital director of housing James Lidgate said: “Having built up a strong leadership with relevant housing expertise across our platform, L&G owns a successful portfolio of active housing related investments, notably: CALA, our Build to Rent (BTR) model and L&G Homes, all of which have proved profitable and which are projected to continue to grow successfully.
“Differentiated from our investors in this space, L&G’s long-term, develop-to-hold approach allows it to invest for the future, developing high-quality homes with an enduring appeal.”
The factory is expected to be in full production during 2017.
