Oxford Properties Group and Delancey secure a further €465m from Allianz

Oxford Properties Group and Delancey Real Estate Asset Management announced DOOR has raised further commitments of £260 million (€288 million/$340 million and £150 million (€166 million/$196 million) from Allianz Real Estate acting on behalf of several Allianz group companies, and Local Pensions Partnership, respectively.

DOOR is a dedicated residential investment vehicle, co-sponsored by Oxford and DV4 Limited, a Delancey-advised client fund, which, alongside APG Asset Management and Qatari Diar as separate shareholders, owns Get Living, the United Kingdom’s most experienced and progressive build-to-rent operator of large-scale residential neighborhoods.

The latest closing brings DOOR’s current equity commitments to £1.2 billion (€1.3 billion/$1.6 billion), following the initial seed capital from Oxford and DV4, as well as the £250 million (€277 million/$327 million) commitment from the €95 billion ($112 billion) Swedish pension fund Alecta that w