Legal & General (L&G) has paid £102m for Helical's retirement villages portfolio, a discount of 13% against its book value of £117m. The portfolio comprises four schemes at Liphook in Hampshire, Faygate in West Sussex, Exeter in Devon and Great Alne in Warwickshire. The villages are at varying stages of development but on completion will deliver 694 units, which will be integrated into L&G's Inspired Villages Group. The deal brings Inspired Villages' development portfolio to around 1,000 homes.
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