LONDON, March 10 (Reuters) - Legal & General Capital, a unitof UK insurer Legal & General, said on Tuesday it hasbought a 50 percent stake in Peel Group's MediaCityUK scheme inManchester.
MediaCityUK, a UK media campus that is valued at 503 millionpounds ($757 million), aims to be a broadcasting hub and is hometo BBC, ITV and the University of Salford, the firm said in astatement.
L&G Capital, which has 5.1 billion pounds in assets, istargeting investments in UK housing, infrastructure and socialreal estate assets.($1 = 0.6643 pounds) (Reporting by Nishant Kumar; Editing by Steve Slater)