L&G has promoted Dan Batterton to head of housing, UK, taking charge of housing investment across its asset management business.
Batterton will oversee build-to-rent (BTR), single family housing, affordable housing and purpose-built student accommodation (PBSA).
The role combines housing businesses with over £5bn assets under management (AUM) and more than 17,000 homes.
Batterton said: “I am delighted to be leading L&G’s UK housing business under one integrated platform, bringing together the different tenures we provide to help scale this critical component of our private markets strategy.
“L&G has a long track record of delivery with this sector, and I look forward to leveraging the partnerships and trust we hold within the market to bring fresh client solutions and housing delivery across the UK.”
Michael Barrie, head of real estate, UK & Europe at L&G, said: “Dan has been instrumental in the development of L&G’s housing platform, with a track record of scaling investment strategies in nascent segments of the market.
“The UK faces a severe housing crisis, and we are seeing growing demand from clients seeking exposure to the sector, offering attractive returns alongside positive social impact.
“L&G is committed to expanding our housing footprint to help deliver much needed homes across the country, and I look forward to working with Dan to execute our growth plans and take this vital component of our strategy from strength to strength.”
