L&G backs £400m Cardiff Central Square regeneration

Legal and General has signed a deal to back a £400m redevelopment of Cardiff city centre, the financial services firm has announced.

The company has entered a partnership with property firm Rightacres to deliver the project.

The Central Square project next to the railway station will see BBC Wales move to the site and new offices opened.

Chancellor George Osborne said the partnership was a "major vote of confidence in the Welsh economy".

A spokeswoman for Legal and General said the exact breakdown of the investment had not been made public.