Legal & General Property (LGP) has received £42 million in new equity from existing investors for its Leisure Fund, IPE reports. The 25 institutional investors in the fund have also agreed to the extension of the vehicle’s life from 2014 to 2020. The Leisure Fund was launched in 2002 and holds prime leisure assets across the U.K., including the Millennium Leisure Park in Greenwich, London. L&GP will forward fund a leisure development in Aldershot, a transaction worth £51 million.
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