A new strategic partnership has been formed between Korea’s real estate leader SK D&D and co-living provider Habyt, through the signing of an MOU aimed at enhancing SK D&D’s residential solution business. Symbolising the significant collaboration, the signing ceremony took place at the Waterfront, a hotel operated by Habyt in Berlin, Germany. Key figures including SK D&D’s CEO Kim Do-hyun and Habyt’s CEO Luca Bovone were present to mark the occasion. The partnership was established so the pair can cooperate in jointly promoting and expanding the domestic and overseas corporate rent ..read more

Specialist property lender ASK Partners has provided a 24-month senior loan facility of £18.2m to support a private client investor in the acquisition of Chiswick Tower. ASK’s client acquired the site and plans to obtain permission to convert the building into a 415-bed co-living scheme, with an affordable housing scheme on the current car park area. “We were delighted to lend against this site. Our client has a very sound business plan to repurpose this building, adding value to an already desirable development site. We are seeing appetite for co-living increase, as the set-up has gained in ..read more

Developer Downing has unveiled the first images of its range of shared spaces at its Square Gardens co-living development, located in one of Manchester’s fastest growing and vibrant neighbourhood communities, First Street. The scheme – which topped out in December 2023 – was designed by award-winning architects Simpson Haugh Partnership, with KKA leading on the interior design of the scheme. It is set to welcome its first residents in autumn 2024. The amenity areas have been created to redefine the way residents connect, collaborate and thrive. With a focus on creating vibrant and inclusive en ..read more

Swiss Life Asset Managers enters into a co-living joint venture with real estate investment management company True North Management Ltd. The joint venture will leverage True North Management’s expertise in creating high-quality living and hospitality spaces. Swiss Life Asset Managers has acquired a minority ownership stake in True North Management, with the joint venture representing an important step in the company’s commitment to diversifying and growing its investment portfolio and exploring untapped opportunities within the UK’s living sector. Established in 2021, True North Management ha ..read more

It is no surprise that tenure diversity in housing is much needed, with a wider range of options necessary to cater to the needs of residents (be it homeowners or renters). With house prices, the cost of living and rents rising as well as people wanting more flexibility around how they live, developers and investors are acutely aware of the growing demand. We have seen an almost meteoric rise in Single-Family Living for example in the past year, but co-living in Britain has not seen the same growth as some residential sectors. But is this about to change? By Niki Kyriacou, Build to Rent, Co-li ..read more

Co-living brand Folk celebrates an award win for The Palm House scheme in Harrow. At the HomeViews Resident Choice Awards 2024, hosted in February, the Palm House by Folk was recognised as the best place to live in North London, while also being voted the top co-living community in the UK. Residents referred to the co-living development as “a beautiful place to live”, “perfect balance of privacy and social life”, and saying “I would recommend to anyone and everyone”. Since receiving the award, The Palm House announced a limited time deal where renters can receive £600 off their rent when signi ..read more

London based leader in co-living and PRS brands Gravity Co has announced the launch of its new co-living development in Notting Hill. Inside the property, each open-plan apartment has been designed with a contemporary finish and comes fully furnished, complete with high-quality furnishings and modern appliances such as a washer/dryer, microwave, four plate convection hobs and oven. The floors have been meticulously crafted using premium wood and the en-suites completed with high end, brushed black metallic finishes as standard. While some studios offer a separate mezzanine level bed space, oth ..read more

Urban regeneration specialist Vita Group has announced the launch of its Union co-living development, offering what the company has dubbed a unique rent-by-the-room proposition. Vita’s rent-by-the-room offering will provide a level security and flexibility for residents at Union not seen within many traditional forms of renting. Whether residents choose to take up an apartment as a group or a bedroom individually, their rent, bills and lease will not be impacted if other housemates decide to move out early. Alongside this, Vita Group will help fill the room for them. CEO Max tells us how their ..read more

Real estate advisor and Newmark company Gerald Eve has released new research into the co-living sector. The data found that whilst London’s potential market for this type of accommodation is 600,000 beds, supply is forecast to reach just 11,500 beds by 2027, further highlighting the supply and demand imbalance. Co-living has been found to present significant investment opportunities, particularly in certain areas. Gerald Eve’s survey found that within Zones 2 and 3, the investment yield for existing stock ranges from 4% to 4.75%, reflecting a mix. However, recent prime funding deals in London ..read more

Bristol City Council has unanimously approved plans for Greystar and Student Roost’s mixed-use scheme in Bristol, which will replace the current Rupert Street Car Park. The scheme will deliver both co-living and student accommodation. Totalling 577 beds, the scheme has been designed as a single building which gives the impression of being split into two towers. The second tower will include 249 rooms which will be co-living studio flats, green space roof terraces and a shared sky lounge for recent university graduates and key workers in Bristol, with 20% of these beds offered at a discounted r ..read more