Ivanho茅 Cambridge and its partner Residential Land are investing 拢160m (鈧�216.6m) in London鈥檚 private rented sector (PRS).
The subsidiary of public pension fund manager Casse de d茅p么t et placement du Qu茅bec has been investing with London-based Residential Land for four years.
The joint venture acquired two residential assets, Hamlet Gardens and 4B Merchant Square.
The former, in Ravenscourt Park, includes 122 residential units, while the latter includes 60 residential units.
Sylvain Fortier, executive vice-president and global CIO at Ivanho茅 Cambridge, said: 鈥淭hese acquisitions further our investment strategy of acquiring quality residential properties in key sub-markets of London.
鈥淟ondon remains a very attractive market, especially for this type of high-demand residential product.鈥�
The purchases take the joint venture鈥檚 portfolio of multifamily assets to 16.
