Press releases

Legal & General Property MD heads industry sustainability group.

Bill Hughes - Managing Director - Legal & General Property
Bill Hughes
Managing Director
Legal & General Property

30 March 2011

Bill Hughes - Managing Director - Legal & General Property
Bill Hughes
Managing Director
Legal & General Property

Bill Hughes, Managing Director of Legal & General Property, has assumed the Chairmanship of the Green Property Alliance, an umbrella organisation that provides the voice for a collection of leading property member organisations which collaborate to achieve a more sustainable built environment.

The Green Property Alliance is an offshoot of the Property Industry Alliance and comprises the Better Buildings Partnership, British Council for Offices, British Council of Shopping Centres, British Property Federation, British Retail Consortium, CoreNet, Investment Property Forum, Royal Institution of Chartered Surveyors and UK Green Building Council.

Over the last year, the Green Property Alliance has produced guidance for both landlords and tenants on their responsibilities under the Carbon Reduction Commitment Energy Efficiency Scheme. It has also sought to establish consensus on a series of common metrics to measure the sustainability performance of rented buildings, set down in a paper ‘Setting the Ground Rules: Establishing Common Sustainability Metrics for Property’.

Bill Hughes takes over the Chairmanship of the Green Property Alliance from Martin Moore (PRUPIM). Bill Hughes joined LGP in November 2007, having previously held the position of UK Head of Real Estate at RREEF, the Real Estate Fund Management business of Deutsche Bank.

Commenting on his appointment, Bill Hughes said:

“I am delighted to have been invited by the Property Industry Alliance to Chair the Green Property Alliance. I plan to continue the sterling work of my predecessor in the role, Martin Moore, in addressing the barriers to a sustainable built environment, and in clearly articulating to Government what would help to motivate owners, investors, occupiers and agents to act more sustainably.

“Since the sustainability agenda has become increasingly important in recent years, it has become even more critical that the property industry exerts influence upon how regulation and legislation evolves. I very much look forward to stepping up to this challenge.”

Property Industry Alliance Chairman, Sir Robert Finch, added:

“We are delighted that Bill Hughes has agreed to lend his acumen to the Chairmanship of this important group. There is a real need to co-ordinate industry efforts to better understand sustainability, and to put it into practice.”

-Ends-

Notes to editors

Legal & General

Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM) and one of the largest institutional property fund managers in the UK. LGIM had funds under management of over £353bn as at 31 December 2010, whilst LGP manages or co-manages 16 separate funds or vehicles and 2 segregated mandates, with an aggregate asset value of over £9.8bn as at 31 December 2010. These funds include:

Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; UK Logistics Fund; Arlington Business Parks Partnership; and the English Cities Fund

Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership

Balanced Funds
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust, UK Property Income Fund; and LPI Income Property Fund.

LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability.

LGP’s sector specialism’s cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering the West End office market’s latest landmark, Central Saint Giles, and currently involved in developing two further high profile London schemes, Walbrook Square and Agar Street, as well as significant town-centre retail regeneration projects, including Bracknell, Northampton and Eastbourne.


For more information please contact:

Steve Leach

Steve Leach
PR Manager Investments

t: +44 (0) 2031 242096
e: steve.leach@lgim.co.uk


About Legal & General

Legal & General Property Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.

About Legal & General

Legal & General Investment Management Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091894.

t: +44(0) 20 3124 2096
www.lgim.co.uk


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