Hot on the heels of a £150 million charitable donation to Oxford University by Blackstone’s Stephen Schwarzman, today we have a £4 billion commitment to Oxford from Legal & General to launch a 50:50 partnership with the university. It is not quite the same thing because Legal & General expects a return on its money but it is still probably the first recent commitment by a City institution to fund science parks, world-class research and laboratory facilities, office space and housing on this scale. The aim is to develop the infrastructure of Oxford so it can maintain its status as a world-leading university. All told it will support 10,000 people. But whereas most City institutions invest money, Legal & General is building for the future by creating real assets. Oxford has much the same problems as London when it comes to affordable housing, or lack of it. If the university is to continue to attract research staff, as well as supporting spin-out businesses, something has to be done. Affordable residential and commercial space is a key component of the partnership. Indeed, as John Cummins, head of Legal & General’s Future Cities business, said: “Each ground-breaking discovery depends not just on… Read full this story
- How to work from home: Benefits, tips, and what to shop for
- Tata CEOs to put on thinking caps to review 2021 strategy
- Is Bernie Sanders Right About Medicare for All? How Government-Run Health Care Actually Works
- Master working from home with these unmissable home office deals
- FNC’s Hilton: Flatten the Curve — Not the Economy
- The best air conditioner deals for March 2020: LG, Frigidaire, and Honeywell
- LG, Samsung, Vizio 4K TVs on sale right now for as cheap as $280
- House pares back paid sick and family leave benefits in coronavirus bill
- Andy U-turnham: Now Labour hopeful changes his tune on benefits culture, saying they would never win power again if it continues to be seen as an 'easy ride'
- US internet providers begin suspending data caps as coronavirus pandemic forces more people to work from home putting increased pressure on home networks
Anthony Hilton: Care homes would benefit from L&G’s thinking cap have 336 words, post on www.standard.co.uk at June 27, 2019. This is cached page on VietMaz. If you want remove this page, please contact us.