Property

Legal & General Property has increased the value of property under management to £11.70 billion at the end of 2006, which includes external client funds amounting to £3.47 billion. These figures are up from £9.48 billion and £2.64 billion in 2005.

The majority of Fund and Property Management is carried out in-house. Property Management Services deals with day to day management and is accredited by the British Standards Institute for operating a Quality Management System to BS.EN ISO 9001:2000 standard. Environmental Management Systems have been established and accreditation via SGS United Kingdom Limited to the environmental standard ISO14001 has now been achieved for an additional two properties in 2006 following successful assessments. This brings the number of properties certified to four.

Progress in 2006

• ISO14001 certification achieved at 100 Ludgate, and 95 Queen Victoria Street, London.
• A new waste management scheme has been introduced at Chineham Shopping Centre where the amount sent to landfill is being reduced by waste stream management separating out cardboard, plastic and paper.
• Assistance has been provided to a number of occupiers in reducing their carbon footprints, and joint initiatives to reduce the amount of waste going to landfill.