Ivanhoé Cambridge and its partner Residential Land are investing £160m (€216.6m) in London’s private rented sector (PRS).

The subsidiary of public pension fund manager Casse de dépôt et placement du Québec 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 Ivanhoé Cambridge, said: “These acquisitions further our investment strategy of acquiring quality residential properties in key sub-markets of London.

“London remains a very attractive market, especially for this type of high-demand residential product.”

The purchases take the joint venture’s portfolio of multifamily assets to 16.