DV4 forms joint venture with APG Asset Management and Qatari Diar Real Estate Investment Co. to create £1.4 billion (US$2 billion) home rental business in London with 4,000 homes
Clients DV4 Limited
Jones Day represented DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited, in connection with the formation of a £1.4 billion (US$2 billion) joint venture with APG Asset Management NV and Qatari Diar Real Estate Investment Co., to create a home rental business in London, with properties in the former Olympic athletes' village and the Elephant & Castle district. The venture, which is subject to regulatory approval, will manage 4,000 homes, of which 1,500 are already built and 1,000 are under construction. The properties will be operated under the Get Living London brand.
In addition to M&A representation, Jones Day provided real estate and banking advice regarding this transaction.