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Legal & General strikes £4bn real estate partnership with Oxford university

Investing in student accommodation has become popular among asset managers

The Radcliffe Camera and All Souls College in Oxford, UK
The Radcliffe Camera and All Souls College in Oxford, UK Photo: Getty Images

Legal & General has entered a deal with the University of Oxford to provide up to £4bn of funding for student and staff accommodation.

The 10-year partnership will deploy money from the UK insurance company’s shareholder and annuity funds, and from funds managed by its investment arm, Legal & General Investment Management.

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