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.
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.
Source: https://propertyeu.info/Nieuws/DTZ-Investors-secures-128m-refinance-for-co-living-portfolio/f604e169-a121-4265-a5a7-f3066094e2fa, on 8.12.2023