Firm鈥檚 recently launched retirement housing business Guild Living boosts developments number

Walton on Thames

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Legal & General has snapped up a plot in Surrey from British Land to build 300 homes for its retirement brand Guild Living.

The firm launched the business in the spring with schemes aimed at the over-65s and built in urban areas, close to amenities and town centres.

L&G already has a retirement operation, Inspired Villages Group, established in 2017, that builds developments for older people.

The deal with British Land is for a 2.5 acre site in the centre of Walton-on-Thames (pictured) and is Guild Living鈥檚 third development. The group鈥檚 other two schemes are at Bath and Epsom in Surrey.

L&G has said it plans to build more than 3,000 homes under the Guild Living umbrella in the next five years, worth 拢2bn. The business is headed by former Lendlease retirement living managing director Michael Eggington.

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