Global build-to-rent and multifamily asset manager Node has entered a €300 million ($352 million) joint venture with Intriva Capital to expand its platform and real estate portfolio across Western Europe.
The initial Intriva equity capital will provide Node with the firepower to increase its Western European portfolio to more than €300 million ($352million). Node will target development sites and existing buildings to acquire and reposition in key European gateway cities. Node also seeks to manage and co-invest in projects with third-party owners and developers.
The joint venture will focus on “build-to-rent” apartment communities and will combine traditional multifamily apartments, furnished micro unit studios and two-to-four bedroom co-living apartments into one residential building. Amenities will include residents’ lounges and co-working spaces to cater for the increasing trend of working from home as well as curated residents’ events. Node residents
