Essential Living’s Damon Brown joins as a construction portfolio manager, principally responsible for overseeing the construction activities within L&G’s urban regeneration projects.
He will also assist with L&G’s wider housing initiatives, including its investments into build-to-rent and build-to-sell.
With over 15 years’ construction industry experience, he joins from Essential Living, before which he was a senior project manager at BAM Construction.
Also David Jones joins L&G from Berkeley Homes as modular integration director, responsible for the interaction between the factory and internal/external clients.
Before that he worked for Skanska for 15 years.
Legal & General is seeking to transform the house building industry with its new modular housing business.
Its ambitious plan is to directly build 70,000 new homes over the next five to ten years, using precision-engineered manufactured units produced at a 550,000 sq ft factory in the North of England.
Due to employ over 400 local people and representing the largest modular homes construction factory in Europe, when at full capacity it expects to produce up to 3,500 homes per year.
Both appointments are new roles to the business and will report into James Lidgate, LGC’s Director of Housing.
James Lidgate, Director of Housing at Legal & General Capital, said: “Having built up a strong leadership with relevant housing expertise across our platform, L&G owns a successful portfolio of active housing related investments, notably: CALA, our build-to-rent model and L&G Homes, all of which have proved profitable and which are projected to continue to grow successfully.
“Differentiated from our investors in this space, L&G’s long term, develop-to-hold approach allows it to invest for the future, developing high quality homes with an enduring appeal.”