DTZ Investors, through its co-living fund Coliv, has completed a £110 mln (€128 mln) refinance deal for its Folk co-living portfolio with SMBC Bank International.
The portfolio consists of three assets located across London, housing over 800 co-living studios.
They include Florence Dock in Battersea; Folk at The Palm House in Harrow; and Folk at Sunday Mills in Earlsfield. All three assets have achieved full occupancy.
Folk Co-living provides high-quality studio apartments and access to on-site amenities. There is a strong focus on ESG, with 25% of studios allocated as affordable housing.
Chris Saunders, Coliv fund director, said: ‘This re-finance demonstrates the confidence the market has in both the co-living sector and in the Folk Co-living brand. This significant deal with SMBC Bank International will set the fund up for the next stage of its growth.’
As the world’s first institutional co-living fund, DTZ Investors prioritizes sustainable design and construction. The Coliv fund was awarded a 5 GRESB rating for the second year running and recognized as a Global Sector Leader in residential development.
DTZ Investors is currently capital raising to fund a future pipeline of opportunities.
