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Qatari Venture Wins Approval for Almost 1,000 London Homes

A photo illustration of the proposed site.
A photo illustration of the proposed site.Source: Redwood Consulting

A Qatari Diar Real Estate Investment Co. venture won approval to build almost 1,000 homes in the U.K. capital’s Elephant and Castle district.

Southwark Council approved the revised plans to replace a shopping mall with apartment towers, a new college campus and stores late on Tuesday. Investor Delancey, Dutch pension fund APG Asset Management NV and the Qatari sovereign-wealth fund’s property development unit will develop the project using their firm Get Living.