Fundraising - OCTOBER 14, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

DTZ Investors and The Collective launch world’s first large-scale co-living fund

by Kali Persall

DTZ Investors (DTZI) and global co-living platform The Collective have launched the world’s first institutional large-scale co-living fund, targeting up to £650 million ($815 million) in equity commitments.

The fund, known as COLIV, will look to acquire between six and 10 co-living assets in London, with a target asset value of £1 billion ($1.25 billion) over fund’s 10-year lifespan.

DTZI, a specialist European real estate fund manager, will act as the investment adviser to the fund while The Collective will serve as asset manager and property manager.

The fund will seek to provide investors with an attractive core-plus return by building a portfolio of large-scale co-living assets in Greater London over a four-year investment period. COLIV will also forward-fund developments, which will be acquired with pre-agreed occupancy targets to provide stabilized cash flow to meet the fund’s income requirements.

According to DTZI, the fund aims to address

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.