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London Insurance Giant L&G Makes Big Bet With Entry Into US Real Estate Market

Company Seeds $4 Billion Life Science Platform in New Partnership With Developer Ancora
Life sciences firms tied to Duke University and other institutions in North Carolina occupy The Chesterfield, a 284,000-square-foot office and lab space developed by Ancora Partners. (CoStar)
Life sciences firms tied to Duke University and other institutions in North Carolina occupy The Chesterfield, a 284,000-square-foot office and lab space developed by Ancora Partners. (CoStar)

Legal & General Capital, an arm of London-based insurance giant Legal & General Group, made its first U.S. investment by providing $500 million (about 399 million pounds) in seed capital for a unit to fund major life science and technology property across multiple regional markets.

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