Legal & General (L&G) announces that it has hired Grainger’s Sebastian Balcombe, as it continues to invest in housing creation activities across the spectrum.
Backing a fast growing pipeline of over 80,000 new homes over the next five to ten years, Legal & General is establishing housing capabilities across all tenures, delivering Build to Sell housing alongside Build to Rent, later living, student accommodation and affordable housing. It is also revolutionising construction methods through its modular factory in Leeds.
Sebastian joins as Senior Land and Planning Manager, principally responsible for investment into new major housing-led projects alongside acquisition and planning work across Legal & General’s Strategic Land portfolio. This is a new role to the business, and Sebastian will be involved in acquiring and securing planning for medium-term opportunities with the aim of creating high-quality new communities with potential for Build to Rent, Build to Sell, senior living and commercial development to sustainably address the UK’s housing and economic needs. With more than ten years’ experience in planning, land acquisition, regeneration and housing, Sebastian most recently worked as Land and Planning Manager at Grainger. He has also held planning roles at Taylor Wimpey and Transport for London.
James Lidgate, CEO of Legal & General Homes, commented: “Sebastian will be an excellent addition to our housing team, having built up a strong leadership with relevant housing expertise across our platform. We are invested in housing across the spectrum, and we believe this multi-tenure approach will not only continue to grow our housing capabilities successfully, but speed up the delivery of much needed new homes for the UK.”
Housing is one of Legal & General Capital’s (LGC) key strategic sectors, due to the financing gaps that still exist, offering the opportunity for significant shareholder value, both through investments made directly by LGC and through businesses held by the wider Group. Legal & General has been involved in housing activities for nearly 20 years. It is committed to addressing the UK’s chronic housing shortage through delivering high-quality sustainable and enduring homes.