
We advised DIFA on this pre-let development funding in March 2005. The new headquarters of Legal & General is under construction by Stanhope/Bovis Lend Lease and Legal & General intend to move into the building in the summer of 2007. This 16,722 sq m (226,000 sq ft) scheme is a state of the art office headquarters in a core City of London location. The purchase price will be approximately £124 million to reflect an initial yield of 6.01%.