LONDON (Reuters) - Legal & General Capital, a unit of UK insurer Legal & General (L:LGEN), said on Tuesday it has bought a 50 percent stake in Peel Group's MediaCityUK scheme in Manchester.
MediaCityUK, a UK media campus that is valued at 503 million pounds, aims to be a broadcasting hub and is home to BBC, ITV (LONDON:ITV) and the University of Salford, the firm said in a statement.
L&G Capital, which has 5.1 billion pounds in assets, is targeting investments in UK housing, infrastructure and social real estate assets.