L&G has promoted Dan Batterton to the newly created role of head of housing, UK, effective immediately.
Batterton will lead housing investment across L&G’s Asset Management business, encompassing Build to Rent, single family housing, affordable housing operations, purpose-built student accommodation and later living.
He oversees a unified housing platform, combining businesses with over £5billion AUM [Assets Under Management] and more than 17,000 homes across all tenures. L&G is targeting £10billion of AUM for UK Housing by 2028, viewing it as a key sector within its private markets strategy.
Batterton has over 20 years of experience in the property sector. His expertise in portfolio strategy has helped shape L&G’s long-term acquisition, development, sustainability, and operational plans for the residential sector.
He has launched several new investment strategies during his time at L&G, notably the Build to Rent platform in 2016, which has grown to over £4billion and over 10,000 apartments across the UK, as of March 2025. Additionally, he has been instrumental in securing co-investment opportunities from UK and international partners to enhance the UK’s rental supply.
Batterton’s team also shaped the recent purpose-built student accommodation operational strategy. L&G plans to deploy approximately £500million into this sector over the next two years, aiming to grow the portfolio to over £1billion and manage around 5,000 beds across the UK.
As well as building more homes across the UK, L&G is also focused on deepening its international presence and remains committed to attracting third-party capital to co-invest into housing. L&G recently secured more than £500million for its Affordable Housing Fund and secured new co-investment opportunities from UK and overseas partners to help increase the UK’s rental supply.
L&G is targeting £10billion of assets under management for housing by 2028 for the UK alone, with a wider target to grow its Private Markets platform to £85billion AUM by 2028.
Michael Barrie, head of Real Estate, UK & Europe, L&G, commented: “Dan has been instrumental in the development of L&G’s housing platform, with a track record of scaling investment strategies in nascent segments of the market. The UK faces a severe housing crisis, and we are seeing growing demand from clients seeking exposure to the sector, offering attractive returns alongside positive social impact. L&G is committed to expanding our housing footprint to help deliver much needed homes across the country, and I look forward to working with Dan to execute our growth plans and take this vital component of our strategy from strength to strength.”
Dan Batterton said: “I am delighted to be leading L&G’s UK housing business under one integrated platform, bringing together the different tenures we provide to help scale this critical component of our private markets strategy. L&G has a long track record of delivery with this sector, and I look forward to leveraging the partnerships and trust we hold within the market to bring fresh client solutions and housing delivery across the UK.”
