Legal & General has partnered with Japan’s Nomura Real Estate to develop over 1,000 build-to-rent homes, starting with a 200-home project in Herne Hill, London, UK.

The partnership began with the purchase of a site in Herne Hill, within the London Borough of Lambeth. The project will deliver over 200 energy-efficient and sustainably designed homes. Residents will benefit from amenities such as landscaped communal gardens, co-working areas, and a gym, promoting a connected and eco-friendly lifestyle. The partnership will initially focus on central London, prioritizing brownfield and underutilized sites to support urban regeneration and increase the supply of sustainable, high-quality housing. Over the next five years, the goal is to deliver 1,000 homes across multiple locations. Legal & General will be responsible for both development and long-term management, ensuring consistent quality and operational standards.