Legal & General Investment Management has acquired a flagship office building on Glasgow’s riverside in a £50 million deal.
Savings business offloaded to Swiss Re
Legal & General is selling 1.1 million mature savings policies to the ReAssure division of Swiss Re for £650 million.
Big property transaction in capital
Artisan Real Estate Investors, the partnership behind Edinburgh’s New Waverley development, has sold the scheme’s 190,000 sq ft of offices..
Mortgage lending from parents up 30%
Parents have become the ninth biggest mortgage lender with expectations that they will provide their children..
Change for supermarket chain
> Supermarket group Morrisons and online grocery firm Ocado have unveiled an expansion of their distribution venture. Morrisons will no longer have to share its online profits with Ocado which willRead More
New deal for pensions firm
Pensions company Aegon has announced that Legal & General will write the Edinburgh-based company’s annuity business….
No deposit required
Barclays has become the first lender to launch a deposit-free mortgage since the credit crunch 10 years ago. READ MORE
The ‘Bank of Mum and Dad’ will this year lend more than £5 billion to help their children get on the housing ladder and become a top ten UK lender.. READ MORE