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<MERGERS: Commission Approval

Commission clears acquisition of a real estate property portfolio in London by APG, DV4 and QDREIC

The European Commission has approved under the EU Merger Regulation the acquisition of joint control over a real estate property portfolio located in London by APG Strategic Real Estate Pool ("APG") of The Netherlands, DV4 Limited ("DV4") of the British Virgin Islands and Qatar Diar Real Estate Investment Company ("QDREIC") of Qatar, which is owned by the Qatar Investment Authority. APG is the depositary for an investment fund whose ultimate beneficial owner is Stichting Pensioenfonds ABP, a pension administration organisation that specialises in the field of collective pensions in the public sector. DV4 and QDREIC are both real estate investment funds. The property portfolio comprises two residential real estate units at sites adjacent to the Elephant & Castle rail station and the Olympic Park, both in Greater London. The Commission concluded that the proposed acquisition would raise no competition concerns because of its limited impact on the market structure. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7959. (For more information: Ricardo Cardoso - Tel.: +32 229 80100; Yizhou Ren - Tel.: +32 229 94889)

Source: European Commission