LGIM REAL ASSETS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from thedate of approval of the financial statements ("the going concern period").”

Group structure

1. LGIM REAL ASSETS LIMITED · parent
   1. Legal & General Property Limited 100% · England & Wales · Providing property investment management and development services to property clients.
   2. LGIM Real Assets (Operator) Limited 100% · England & Wales · Undertaking FCA regulated activities relating to the operation of property limited partnerships and carrying out regulated investment activities across infrastructure investments.
   3. LGIM Commercial Lending Limited 100% · England & Wales · Making and subsequent management of loans on behalf of its clients.

Significant events

• “During May 2025, the Company signed an agreement to support the acquisition of 75% of Proprium Capital Partners ("Proprium") through a newly incorporated subsidiary, L&G Property Europe Ltd. Proprium is a global real estate private equity firm and the acquisition will accelerate the Division's strategic ambitions in key growth markets across Europe and Asia. The transaction is expected to complete later in 2025, subject to regulatory approval. The Company will receive a capital injection from Group to support the Proprium transaction. Group has provided a formal letter of support, setting out its commitment to provide the financial means to enable the Company to satisfy its financial obligations in relation to the transaction.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -70.1%

  £67,000,000 → £20,000,000

• Cash

  —

  Not reported

• Net assets

  +75.4%

  £26,412,000 → £46,330,000

• Employees

  —

  Not reported

• Operating profit

  -70.3%

  £67,000,000 → £19,884,000

• Profit before tax

  -70.3%

  £67,005,000 → £19,889,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers