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Residential property attracts investors
A number of joint ventures focused on residential developments have been formed recently. In the United Kingdom, APG and Delancey have formed a joint venture to deliver rental homes throughout Greater London.
“Together we share a vision of creating a scalable branded residential rental platform. APG firmly believes that this platform will fill a need in the undersupplied London residential market. APG is focused on increasing its residential exposure in Europe, particularly in key cities such as London, given its expected population growth,” comments Robert-Jan Foortse, head of European property investments at APG.
One of the partnership’s latest projects is the conversion of a UK shopping centre into residential property. Delancey and APG are planning residential development