Real estate company Delancey's flagship client fund, DV4, and the Dutch pension fund asset manager, APG, will combine their London residential portfolios with Qatari Diar to create a # 1.4 bn large scale residential investment company.
It acquired the asset through Behringer Harvard Multifamily REIT I in a joint venture with PGGM Private Real Estate Fund, an investment vehicle for large Dutchpensionfunds.