Legal and General will be using long term capital to provide large scale sustainable rental schemes, which it said will have a positive long term socio-economic impact.
Nisha Kerai has been appointed as senior asset manager, joining from Grainger, where she was instrumental in the launch of its nationwide BTR programme.
Alex Sangway has been hired from Berkeley St Edward, where he managed the construction and project management of multiple high-profile schemes.
Sangway will play a key role in bolstering the teams’ construction management capabilities, the insurer said.
Legal and General has also hired Andrew Esam as development manager, joining from Upside London where he worked as associate director.
Michael Barrie, director of fund management at LGIM Real Assets, said the investment capacity in the sector currently stands at over £1.3bn, deployed across 10 UK-wide locations.
He said: “Through continued investment in talent, we are further widening the scope of our residential investment, development and management capabilities, as our ambitious plans for our BTR platform come to fruition.
“With further site acquisitions identified for 2019 and an already robust portfolio of over 3,000 units now reaching the rental market, we are delighted to have brought Alex, Andrew and Nisha on board to diversify the teams’ skill-set, broadening our expertise ahead of future expansion.”