Mishcon de Reya has advised long-standing client QDD (Qatari Diar and Delancey's client fund, DV4) on the real estate aspects of its East Village property portfolio, in the £1.4 billion merger of the East Village and Elephant & Castle residential assets. The deal sees DV4, Qatari Diar Real Estate Investment Company and Dutch pension fund asset manager APG come together to create an equal partnership in the large scale residential investment sector.
This partnership creates an initial portfolio of 4,000 new homes available to rent across the East Village (former site of the London 2012 Olympic Games Athletes' Village) and Elephant & Castle.
Mishcon de Reya, led by Real Estate Partner Stephen Hughes, advised on the real estate and construction aspects of the East Village in the merger. The firm has acted on the real estate aspects of East Village since it was acquired by DV4 and Qatari Diar in 2011.
Stephen Hughes commented: "We are proud to have acted for Delancey and Qatari Diar once again and to be involved in such a significant merger for the UK residential market."
The Mishcon Real Estate team comprised Stephen Hughes, Construction Partner Simon Hunter, Legal Director Louise Tainton, Managing Associates Daniel Farrand and Matt Bowles, and Associate James Brownlie.