UK regions with acute affordable housing needs will require 18,000 homes built annually. With construction levels below this, L&G is leveraging its partnership with GMPF to address the shortfall.
Our Active Ownership report details how our Investment Stewardship and Investment teams exercised voting rights across our entire book and engaged with companies, policymakers and other stakeholders
Private credit performed well in 2023, with low default rates and plenty of market activity. Will this continue into 2024?
In his annual outlook, Global Head of Investment Strategy & Research Rob Martin considers long-term performance as the combination of structural tailwinds and cyclical opportunities.
As inflation and growth dynamics vie with political risk for investor attention next year, we anticipate fresh volatility – and opportunity – in this higher-rate environment.
We’ve now put together a summary of the progress since our roadmap was published covering the work done up until the end of 2022.
How cuts to bank lending could grow the asset class
In our CIO autumn update, teams from across LGIM assess the key implications of AI for our clients.
A year on from the inflation genie being released from the bottle, inflation is still nowhere near its long-term target level. Against this background, we examine the impact of a ‘higher-for-longer’ environment on private credit.
The US Inflation Reduction Act (IRA) will unleash billions of dollars of funding for climate and clean energy over the next decade. Europe has been under pressure to come up with a similar package - but how will it respond?
Raising our expectations – climate lobbying, biodiversity and energy security for a net-zero world
During the passage from winter to spring, markets have continued to be swayed by the same drama that dominated investor attention in 2022: central bankers’ high-stakes efforts to rein in inflation, without sabotaging financial stability.
As the dust begins to settle following a turbulent 2022 and the recent banking crisis, we reflect on the varying dynamics of private credit markets, their differentiation and their role in investor portfolios
As the macroeconomic environment shifts from one of low to higher interest rates, Marija Simpraga assesses how this may affect returns for investors in renewable energy projects.
As 2023 unfolds there remain several plausible outcomes for the performance of UK real estate. In our view, the repricing seen over 2022 positions the sector relatively favourably.
While a recessionary backdrop may mean private credit investors stay cautious in the short term, we believe there are grounds for optimism in 2023, not least higher starting yields.
This past year has been one of the worst periods on record for investors. We assess what could signal a turnaround in 2023.
Brexit, the pandemic and the Ukraine conflict have all disrupted supply chains and marked turning points in the priority that European policymakers place on their own self-reliance.
While investors have typically looked to commodities as an inflation hedge, a lack of income, coupled with volatile prices, has resulted in low risk-adjusted returns. Can direct energy investments help investors guard against rising prices?
In this episode, hear what attracted Bill to the world of property in the first place, as well as his views on the role of big cities, urban regeneration and the need for sustainable buildings.
Two years on from the first COVID lockdown, and in this podcast, we look at how the hotel sector has recovered since then, how it’s coping with current challenges
In this latest episode of LGIM Talks, Bill Hughes, Head of Real Assets, talks candidly about the extension of the landlord moratorium.
What makes a ‘modern’ office space that genuinely suits occupiers’ needs?
This week we’ve returned to that famous British obsession: housing. Now that 20% of the UK population are choosing to rent their home, the expectations of lifestyle renters for their home developments have risen accordingly – such as allowing pets or permanent decoration.
We’ve all been in meeting rooms where the air has become so stuffy that there’s very little chance of good ideas emerging. Similarly, sitting nearer to a window has been shown to improve employees’ health, energy and performance.
The most recent findings of the Rebuilding Britain Index report reveal that the current cost of living crisis presents a real danger of widening the existing inequalities found between, and within, different parts of the UK.
In our market outlook at the start of the year, we noted that investors should prepare for the unexpected, since we believed the road ahead was unlikely to be smooth. We were correct in our thinking, but not in the way we envisaged.
What might happen in the second half of 2022 in European private credit markets?
The needs-based occupier demand for housing, particularly in the UK, with its fundamental imbalance of demand and supply, allows for resilient and potentially growing occupier demand despite slowing UK growth.
In addition to precipitating a devastating humanitarian crisis, Russia's invasion of Ukraine has sent ripples across markets and raised significant questions for investors over the long term.
Last year was challenging for the UK hotel sector, albeit with some encouraging green shoots of recovery over the latter part of the year.
While consensus forecasts suggest further economic recovery in 2022, we remain prepared for bumps in the road.
Denz Ibrahim, Head of Retail and Futuring for Legal & General Investment Management, explains how it is reimagining shopping centres as places for people to gather for experiences.
Over the last 40 years, we have experienced an enduring bond bull market and yields on fixed income assets have fallen to record lows.
While buildings have a major part to play in supporting the transition to a low-carbon economy and society, many continue to operate at standards that are not consistent with meeting the objectives of the Paris Agreement on climate change.
In this report we focus on consumer-facing sectors as the economy recovers. Understanding trends in consumer behaviour and how they interact with different elements of the real estate universe remains key to positioning investments and favours selected parts of leisure and retail warehousing.
As we emerge from the latest lockdown, the extent to which real estate as an investment asset class will be permanently changed is unclear.
2020 was a difficult year, for society, businesses and markets alike. The pandemic presented new and unforeseen challenges, creating periods of extreme uncertainty, and correspondingly high volatility in financial markets.
Read our Active Ownership report to see how we use our scale and influence to bring about real change in the companies and markets we invest in.
Based on our current expectations for the progression of the pandemic and the associated economic and financial impacts, our central case for all property returns is 5.2% p.a. over the 2021-2025 horizon.
Forecasting the economy and property markets remains very challenging, but since our last update we know more about the economic damage caused by the first wave of the Covid-19 virus
Covid-19 and the resultant economic impacts represent a genuinely unprecedented set of circumstances in which to forecast real estate equity returns.
The Centre for Cities report, commissioned by LGIM Real Assets and Legal & General Capital, found that lack of government strategy, not lack of official public spending, was a barrier to meeting a national agenda for ‘levelling-up’.
Those who choose not to embrace this shift could be left behind. Those who challenge convention, embrace technology and change their mindsets to a service oriented model will likely deliver better outcomes for owners and occupiers alike.
