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Legal & General and Bruntwood JV – Bruntwood Scitech, Post Record Profits

February 9, 2023
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Legal & General and Bruntwood JV – Bruntwood Scitech, Post Record Profits
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  • Bruntwood SciTech post pre-tax profit of £114m (2021: £17.1m) – the most since its formation in 2018  
  • Net asset value increases 36% to £321.1m and total assets under management hits £858.44m (2021: £647.4m) 
  • £91m of capital investment including first move into Scotland and significant progress on key developments 
  • Completions of Enterprise Wharf and No.1 Birmingham Health Innovation Campus and construction kick off at Glasgow’s Met Tower and Citylabs 4.0 to come in 2023 

Annual trading update for the year ending September 30th, 2022 

Bruntwood SciTech, the Legal & General and Bruntwood 50/50 joint venture specialist property platform focussed on the UK’s life science and tech industries, has reported its best results to date.  

Profits grew significantly in 2022 hitting £114m, up from £17.1m in 2021, following the completion and successful letting-up…

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