Once fully capitalised, the fund’s portfolio of co-living buildings in prime locations across the capital will be home to 3,500 people. “The acquisition of The Collective Battersea marks another vital step toward fulfilling the investment strategy of our dedicated co-living investment vehicle, which now has a completed GDV of over £200m. The desire for human connection remains very strong and demand is highest in buildings that combine high quality living spaces with a wide range of communal amenities.
The Collective Battersea will provide 35% affordable housing, available at discount market rent for people with starting salaries of £22,000 per annum.Ĭhris Cooper, Chief Executive Officer at DTZ Investors, said: “ Co-living as a sector has been remarkably resilient during the pandemic.
When completed it will be the third asset in the fund following the forward funding of The Collective Harrow (announced October 2019) and The Collective Earlsfield (announced October 2020). The Collective, which is the fund’s property and asset manager, will build and operate the development on Chatfield Road, in the London Borough of Wandsworth. DTZ Investors has forward funded a 260+ room scheme in Battersea for its co-living fund.
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