Slaughter and May advised Legal & General Capital on its investment in Ancora L&G, LLC
Slaughter and May advised Legal & General Capital (LGC) on its 50:50 partnership with U.S. based real estate developer Ancora.
LGC will invest an initial $500 million of seed capital into Ancora L&G, LLC, which will operate as a real estate platform dedicated to driving life science, research and technology growth across the U.S. The partnership is LGC’s first U.S. investment and represents an important part of its growth strategy.
Slaughter and May worked closely with the LGC team, including Sarah Ellicott (General Counsel) Vikki Fabian (Head of Legal), Jasan Fitzpatrick (Corporate Development Director), Wes Erlam (Director of Urban Regeneration), Chris Jewel-Clark (Finance Director, Specialist Commercial Real Estate and Clean Energy) and Tina Zhao (Investment Manager, Urban Regeneration). Slaughter and May was supported by Alston and Bird in the U.S.