Legal Business

HSF and Jones Day lead firms on £1.4bn London housing JV

Herbert Smith Freehills (HSF) and Jones Day were among a raft of firms that advised the investors behind residential schemes at the Olympic Park in Stratford and Elephant and Castle on a joint venture (JV) to combine the developments and create a £1.4bn JV vehicle for rented housing. Amid a booming London real estate market, intensified by supply not keeping up with housing demand, the firms were instructed by Qatari Diar Real Estate Investment Company, property firm Delancey’s flagship fund DV4 and Dutch pension fund asset manager APG, combining to create 4,000 London homes. Olswang, Mishcon de Reya, Simmons & Simmons and London firm Michael Conn Goldsobel also won instructions on the deal.