Legal & General and Newmark Newsletter
Welcome to the first edition of our Legal & General x Newmark Newsletter.
Since 2020, we’ve had the privilege of working alongside Legal & General on a series of significant deals and strategic mandates, and this newsletter highlights the progress we’ve made together.
Inside, you’ll find a snapshot of the key transactions we’ve supported across your portfolios, along with an introduction to your dedicated Newmark team led by Richard Lines and supported by specialists across our Capital Markets, Leasing, Valuation & Advisory, and Consultancy teams.
Our relationship has grown from individual transactions into a more integrated, insight‑driven advisory partnership. We are committed to being a proactive, trusted extension of your team as the market evolves.
As this is our first edition, we’d welcome your feedback on the content and format—and on how we can continue strengthening the value we deliver to Legal & General.
We look forward to building on what we’ve achieved together.
Richard Lines
L&G Relationship Lead
Partner, Operational Capital Markets
+44 782 572 1289
Acquisitions & Disposals | 2020 - 2022
Sainsburys
Bedford
Following a comprehensive pre-marketing exercise, the strong level of competition necessitated four rounds of bidding. Throughout this process, we worked closely with the client and consulting engineers to deliver an over-roof solution that positively enhanced the building, improving both its operational performance and overall marketability.
Portakabin, Boundary Way
Hemel Hempstead
Investment brokerage and delivered deal in a highly competitive bidding situation.
Hove Gardens
Brighton
Project Sandpiper
Poole
A post Covid strategy to reduce exposure to the sector whilst identifying a moment in time where yields for Care UK had peaked making it an opportune time to sell. We utilised our Capital markets’ knowledge of the buyer pool with the ability to appraise the 6 sites on merit based on demographics and rent cover marketing them in their best light.
Acquisitions & Disposals | 2024 - 2026
Units B&C, Laporte Way
Luton
Competitive tension achieved between prospective purchasers due to targeted and comprehensive marketing campaign. Despite purchaser attempts to significantly reduce price, sale price achieved in excess of client aspirations and quote price.
Oxfordshire County Hall
Oxford
Newmark has advised on the acquisition of Oxfordshire County Hall on behalf of LGIM with Reef Origin as DM.
Located in the heart of Oxford next to Westgate and the Castle Quarter, the 91,400 sq ft site will be transformed into a four-star hotel with over 190 beds. The Grade II listed Old County Hall forms part of the development. This marks Reef Origin’s second Oxford hotel in partnership with EQ Hotels, following the successful launch of The Store earlier this year.
Premier Inn, Lauriston Place
Edinburgh
Newmark combined capital markets knowledge of the Whitbread disposal program with our best-in-class ability to accurately underwrite rental and VP values in support of the purchase price at £24.5m representing 4.75% NIY.
Premier Inn
Lewes
Instructed to provide advice on the future disposal of the asset and to evaluate any marriage value generated as a result of regearing the hotel lease in advance.
Ongoing Instructions
Planning & Development
Plaza House, Camden
London
Planning strategy to assist with a change of use from Use Class E to C1 hotel. Project commences Feb 2026.
Planning & Development
Horizon, Hurley
Berkshire
Instructed to provide disposal advice of near-vacant office building and associated car parking / land. Marketed in challenging market for either conversion or redevelopment. Planning risks for redevelopment but unconditional disposal agreed on this basis. Agreed two overage deeds. Ensured lease surrender prior to completion
Leasing
Rackhams
Birmingham
We are appointed as leasing agents on this super prime office pre-let opportunity. 4-year time horizon.
Your Dedicated Team
Relationship Lead
Richard Lines
L&G Lead Partner
Client Services
Kirsten Le Roux
L&G Client Coordinator, Capital Markets
Lea Vavrik
Head of ESG, UK & Europe
Steve Sharman
Industrial Research
Capital Markets
Richard Lines
Operational Capital Markets
Alex Kitts
Operational Capital Markets
Angus Minford
Office & Life Sciences Capital Markets
John Rodgers
Industrial Capital Markets
Richard Fletcher-Brewer
Industrial Capital Markets
Bobby Barnett
Residential Capital Markets
Harriet Bantock
PBSA Capital Markets
Leasing Agency & Lease Consultancy
Charlie Toogood
National Office Agency
Charlie Spicer
Industrial & Logistics Agency
Sven Macauley
Scotland Agency
Tom Ferrier
Office Lease Consultancy
Planning
Natalie Davies
London Planning
Data Centres
John Howells
Energy & Data Centres Advisory
Retail
Peter Schaverien
Retail Agency
Retail
Richard Stoney
Business Rates
Building Consultancy
John Lowes
Building Consultancy & Lease Exit
Valuations
Neil Hamilton
Hotel Valuation
Jonathan Godfrey
Residential Valuation
Cara Reynoldson
Retail Valuation
Edward Hall
Retail Valuation