Legal & General Capital plans to support the £350 million Newcastle Science Central, one the biggest urban regeneration projects of its kind in the UK.
The unique deal will see financial services giant Legal & General becoming a long term investment partner on Science Central alongside Newcastle City Council and Newcastle University. Legal & General Capital’s initial £65 million investment will fund completion of two buildings on premium plots 1 and 2 offering over 200,000 sq ft of Grade A office space, create 2,000 jobs and boost economic growth, and will help unlock the potential of further investment in commercial and residential plots.
