Duo join from Essential Living and Berkeley
Legal & General (L&G) has created two new roles as it seeks to ramp up is modular housebuilding operation.
The investor - which last year unveiled plans to deliver 3,500 flatpack homes a year from a 550,000 sq ft factory in Yorkshire - has appointed Damon Brown as a construction manager and David Jones as modular integration director.
Brown, who joins from Essential Living, will be responsible for overseeing the construction activities within L&G鈥檚 principal urban regeneration projects and assist with L&G鈥檚 wider housing initiatives, including its investments into Build-to-Rent and Build-to-Sell.
Jones joins the business from Berkeley Homes and will be responsible for matching the investor鈥檚 factory with clients.
L&G said its modular housing business 鈥渟eeks to modernise the home building industry by producing modern, precision-engineered manufactured units鈥�.
James Lidgate, director of housing at Legal & General Capital, said: 鈥淗aving 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.
鈥淒ifferentiated from our investors in this space, L&G鈥檚 long term, develop to hold approach allows it to invest for the future, developing high quality homes with an enduring appeal.鈥�
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