Herbert Smith Freehills (HSF), Jones Day and Simmons & Simmons are among the firms that have won roles advising on a £1.4bn joint venture between real estate investment company Qatari Diar and Delancey.

Real estate company Delancey's flagship client fund, DV4, and the Dutch pension fund asset manager, APG, will combine their London residential portfolios with Qatari Diar to create a £1.4bn large scale residential investment company.

Delancey currently manages 1,439 properties at the East Village (formally the site of the London 2012 Olympic Games athletes' village) along with investment in Elephant and Castle alongside APG.

The JV will have an initial portfolio of 4,000 homes and is subject to regulatory approval.

HSF's team is jointly led by real estate partner Alice Dockar, corporate partner Alex Kay and competition partner Andre Pretorius.

Kay was part of the HSF team that advised British property developer Hammerson on its joint venture acquisition of a £1.4bn portfolio of Irish property loans in October last year.

Dockar led the HSF team that advised publisher Pearson on UK real estate matters in the sale of the FT Group in 2011. 

Jones Day, Olswang and Mishcon de Reya are advising DV4.

Private equity partner Anna Cartwright and real estate partner Alex Millar are leading the Jones Day team.

The team from Olswang includes tax partner Cliona Kirby and corporate partner Paul Blackmore. 

Simmons & Simmons is advising APG. Its team is being led by corporate partners Gideon Sharp and Jason Daniel and real estate partner Ali Crosthwaite.

The trio is supported by environment partner Steve McNab, tax partner Nick Cronkshaw, competition partner Peter Broadhurst, banking partner William Greig and litigation partner Stephen Gentle.

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