DTZ Investors is looking to raise £250m of equity for its next co-living fund, aimed at forward funding schemes in London.
The firm is looking to expand its presence in the living sector by launching a second co-living fund. Its debut fund, COLIV Fund I, which launched in 2019, has three schemes operating under its Folk Co-living brand.
The investment could take shape as either a capital raising or a joint venture partnership.
Chris Saunders, investment director for the COLIV Fund at DTZ, told EG: “We have launched three assets now, and we have proof of concept.
“People can see what we deliver and see it leases up well; therefore, it’s a great time for us to be out there in the market raising more capital.”
The investor has appetite to invest in three to five more schemes, with existing planning permission for up to 500 co-living homes each.
Although the investor’s efforts will focus on London, it is also open to sites outside the capital.
Saunders said: “Some of the best commuter towns are in the South East, and they are very interesting, [as well as] some of the more trendy towns and cities like Brighton, Oxford and Cambridge – cities where you have a supply-demand imbalance, which is very prevalent in London.”
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