Legal & General has expanded its Build To Rent team, hiring three people across construction and planning, surveying and asset management.
L&G has appointed senior asset manager, Nisha Kerai, from Grainger plc, A chartered construction manager, Alex Sangway and qualified chartered surveyor Andrew Esam.
Michael Barrie, director of fund management at LGIM Real Assets, said: “Over the last three years since launch, our Build To Rent Fund has seen significant growth.
“Our investment capacity in the sector currently stands at over £1.3bn, deployed across 10 UK-wide locations, as we have sought to institutionalise the UK’s rental sector into a mainstream asset class.
“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.”
Kerai was instrumental in the successful delivery and launch of Grainger’s nationwide Build to Rent programme, comprising over 3,000 units across the country.
Kerai’s track record for target delivery and project management background will be essential in the continued roll out of Legal & General’s Build to Rent units for elective renters as its existing pipeline of 3,300 homes continue to come to market.
Sangway has been hired from Berkeley St. Edward where he managed the construction and project management of multiple high-profile schemes including the 800 unit West End Gate development in Marylebone and 275 unit Abell & Cleland scheme in the heart of Westminster.
Sangway will play a key role in bolstering the teams’ construction management capabilities as it seeks to have 6,000 homes for elective renters in planning, development or operation by the end of 2019.
Esam also joins the team from Upside London where he was associate director. Joining as development manager and bringing a diverse range of residential experience from appraising affordable housing to mixed-use schemes and Build to Rent development opportunities, he will play a pivotal role in the future development of Legal & General’s Build to Rent platform.