Real Estate
Long-term thinking, strategic partnerships and acting with integrity, underpin delivering performance to our clients
Our approach to real estate investing
L&G combines more than 55 years of real estate investment experience with the scale, relationships and specialist expertise needed to access potentially attractive opportunities. Managing €29.5bn¹ across commercial and residential real estate, we aim to become genuine and trusted partners with investors to help meet their needs.
Our approach is shaped by performance excellence, active ownership, responsible investment and a commitment to creating lasting value - for our clients, communities and the wider built environment.
Residential
Four key strategies spanning various UK residential tenures from social rent to private rent.
Commercial
A diversified commercial real estate platform aiming to deliver resilient income and long-term value through active management and flexible operating strategies.
Offices
Prime UK office assets managed across three workspace models: CAT A open plan, Capsule ready-to-go suites, and fully managed services
Balanced property funds
A range of balanced funds offering diversified UK commercial real estate exposure across differing risk profiles and liquidity.
Industrial Property Investment Fund (IPIF)
Highly diversified fund investing in good-quality, predominantly multi-let industrial estates.
Leisure Property Investment Fund (LPIF)
Dedicated to UK multi-let leisure property, town centre and out-of-town leisure parks.
Long Income
Investing in long income assets to support long-dated, liability-matching objectives.
International opportunities
Proprium Capital Partners
Investing in real estate operating companies and scalable special situations globally, supported by L&G’s majority stake acquired in October 2025 to accelerate international growth for clients.
Taurus
Investing in US multifamily and industrial real estate opportunities through Taurus Investment Holdings, supported by L&G’s strategic partnership to broaden international investment opportunities for clients.
How to invest
Four ways to access our real estate platform
Our strategies are available across multiple investment structures, from large diversified pooled funds to fully bespoke client mandates.
Balanced funds
For investors looking for exposure to direct commercial real estate, we operate a range balanced portfolios, each one designed to meet different investor requirements.
Specialist funds
Our specialist funds offer niche investment solutions, allowing investors access to specific areas of the real assets market.
Joint ventures
We forge strong joint ventures with investors, enabling them to access deals that would otherwise remain beyond their reach.
Segregated mandates
We are able to create bespoke segregated mandates that, we believe, deliver the specific outcomes and returns our clients need.
1L&G, global AUM as at 30 June 2026. Excludes assets managed by associates (Pemberton, NTR, BTR). The AUM includes the value of securities and derivatives positions and may not total due to rounding.
2L&G Asset Management as at June 2026.
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Get in touch
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Key risks
The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested. Past performance is no guarantee of future results.
Whilst LGIM has integrated Environmental, Social, and Governance (ESG) considerations into its investment decision-making and stewardship practices, this does not guarantee the achievement of responsible investing goals within funds that do not include specific ESG goals within their objectives.
The risks associated with each fund or investment strategy should be read and understood before making any investment decisions. Further information on the risks of investing in this fund is available in the prospectus at. http://www.lgim.com/fundcentre
It should be noted that diversification is no guarantee against a loss in a declining market.