LGIM Real Assets (Legal & General) has appointed Yvonne Ambo as senior transactions manager to source more investment opportunities for its long income funds.
Ambo joins from M&G Real Estate where she held the position of investment manager on the £7bn+ long income funds team. Prior to working at M&G, she was a portfolio fund valuer at Knight Frank.
'Yvonne has significant experience at sourcing long income transactions, and we are delighted to welcome her on board to find and create more of these opportunities for our long income funds,' commented Gordon Aitchison, director of investment and development at LGIM Real Assets.
In a newly created role at Legal & General, Ambo will be responsible for working with the head of long income transactions, Adam Kerr, to source suitable investment opportunities for the annuity fund and the LPI (limited price inflation) income property fund. Transactions will include sale and leasebacks, pre-let development, income strips and ground leases.
In 2017, LGIM Real Assets completed over £2.5bn of transactions, of which £850 mln were acquisitions for its long income funds. Key deals for the annuity fund in 2017 included the fundings of the UK Government Hub offices in Cardiff, Birmingham and Edinburgh, as well as the funding for the development of Mount Pleasant Halls in Cambridge, pre-let to St Edmund’s College.
For the LPI income property fund, key deals last year included the acquisitions of Atlantic Quay 3, the central Glasgow Scottish court and tribunal building and the INTO Academic Facility at Exeter University, as well as securing a pre-let with The UK Government following its acquisition of India Buildings in Liverpool.
