Qataris join forces with developers Delancey to merge Elephant with Olympic Village

News Desk (07 April, 2016) Regeneration

The Middle Eastern state will part-own the Elephant and Castle Shopping centre

3640Delancey Elephant and Castle Topping Out Ceremony

The property developer behind swathes of the Elephant and Castle regeneration, Delancey, has merged its project into an investment fund with the Qatari government.

The deal means the Elephant and Castle Shopping centre, a soon-to-be-built campus for London College of Communication, and towers containing 374 homes will be part-owned by the Middle Eastern state.

The deal between Delancey and the Qatari Diar Real Estate Investment Company, as well as a Dutch pension fund asset manager APG will also include residential property in the Olympic Park.

The combined property investment vehicle worth £1.4bn will encompass 4,000 homes – 1,500 of which have been built.

Get Living London estate agents will be tasked with managing and leasing the properties when they are completed.

The news comes as the government’s English Housing Survey found that the rental market has grown by 17,500 households per-month in recent years.

 

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