Fri, 21/03/2014 - 11:15
Legal & General Property (LGP) has appointed James Lidgate as head of residential.
Lidgate joins the company from Bellway Homes, where he held the position of land director since 2010.
Originally joining Bellway Homes in 2004 as land manager, Lidgate has also held previous roles at St George and Laing Homes, and brings with him around 14 years’ experience in the residential sector.
LGP is working with housing associations to support the expanded supply of social and affordable housing, is involved in a number of inner-city regeneration projects through the English Cities Fund, has taken a stake in a housebuilder, and has committed significant capital to the student accommodation and care home sectors.
In his new role at L&G, Lidgate focus on new land acquisitions and investment opportunities and help to stimulate new housing delivery over a range of strategic land holdings across the UK. He will also support the company in accessing new forms of investment into the sector and structuring innovative funding initiatives.
Bill Hughes, managing director of Legal & General Property, says: “Demonstrating our continuing commitment to the sector, James’ appointment reflects the meaningful role that Legal & General believes that the private sector as a whole can play in helping to find a solution to the housing shortage. Focused on supply side initiatives, as a long-term provider of investment capital, L&G has already invested GBP5.2bn in UK infrastructure projects to date, of which its investment into residential sector forms a major part.”
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