Legal & General has announced that it will fund the University of Oxford’s new sciences building to serve as a new home for the departments of Zoology, Plant Sciences and Experimental Psychology.

The £200m building, named as ‘Life and Mind Building’, is touted to be the largest building project ever undertaken on behalf of the University.

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Legal & General had entered into a £4bn partnership with the University of Oxford in June 2019 establishing the Oxford University Development (OUD) to provide new homes to staff and students.

The project will be financed by long-term annuity money from Legal & General’s retirement business, with Legal & General Capital acting as developer and LGIM Real Assets as development manager.

Expected to open in 2024, the new building will provide laboratories for students and researchers, as well as lecture theatres, specialised support laboratories and opportunities for public engagement.

The new building also aims to facilitate the university’s schools and public outreach programmes. There are plans to offering a ‘window into science’ which will provide opportunities for art, exhibitions, lectures and conferences.

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The new building replaces the Tinbergen building, which closed in February 2017. It will enhance this gateway to Oxford’s Science Area.

Tinbergen building demolition is to be completed by October 2020 after which Legal & General will begin construction on the site from July 2021.

Legal & General CEO Nigel Wilson said: “The Life and Mind Building will provide students with a modern, state-of-the-art facility that helps continue the University of Oxford’s legacy as one of the world’s most pre-eminent teaching institutions.

“We are extremely proud of our partnership with the University of Oxford, which in the wake of COVID-19 will help retain talent in the city, whilst driving essential inward investment and providing opportunities for world-leading innovation as well as much needed housing for key workers.”

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Tinbergen building. (Credit: University of Oxford)