DTZ Investors Co-Living Fund (COLIV) launches Folk Co-living brand with a £55 million development in Harrow
DTZ Investors has announced the launch of Folk, a new co-living brand, with the opening of The Palm House in Harrow and Wealdstone, North London.
The Palm House is a 222 studio amenity-rich co-living building designed by industry-leading architects Hawkins Brown and interior masters Atypical Practice. Using extensive in-market research, Folk’s co-living spaces have been created to erase the pain points of traditional renting and provide a better resident experience. The Palm House has been designed around Folk’s key pillars of community and connection, providing shared spaces that encourage social interaction and the formation of new friendships and relationships. The brand will give its residents the opportunity to enjoy new experiences every day through a varied programme of events, ranging from morning yoga to evening hackathons.
COLIV Investment Director Chris Saunders said, “We are delighted to launch Folk’s first co-living property to the market, providing an aspirational living experience at an affordable rent. As well as being a great place for residents to live and work, the extensive amenities the building provides will also have a positive impact on the local community as we look to work with groups in the Harrow area.”
Located in Zone 5, a 4-minute walk from Harrow and Wealdstone station, residents can reach Euston in as few as 12 minutes. The Palm House is a home for “everyday folk who want more than every day renting”. Among its many features, the site boasts 27,000 sq ft of communal space, including a gym and fitness studio, an open-plan MasterChef style kitchen, a co-working space with meeting rooms and conference call facilities, two outdoor terraces, a screening room, a games room, lounge and an onsite bar and restaurant.
The Palm House’s impressive coworking space is open to residents and the local community. Set across 4,000 square feet, the area boasts 70 desks, cosy break out space, meeting rooms,quiet desk booths and conference call facilities. Interior designers at Atypical Practice used salutogenic design principles that make coworking feel like working from home in the company of friends.
The eight-story, 87,000 sq ft building, developed by Halcyon Development Partners, aligns with DTZ Investor’s commitment to reaching net-zero across its portfolio by 2040 and has achieved a BREEAM Excellent accreditation. The Palm House is a 100% renewable energy-powered building that utilises new systems and technologies to manage energy, air, and water.
COLIV is serious about positively impacting the local community. Folk buildings will commit 1% of net income to local charities and community partner initiatives. Folk has already formed a partnership with the Harrow Association for Disabled People to support the local charity.
Folk has also partnered with Mule to debut their first London bar and eatery. Mule will provide a public-facing dining experience, serving carefully sourced quality ingredients from breakfast in the morning all the way through to cocktails in the evening
Residents also benefit from free access to an events programme, ranging from cooking classes to film clubs. All Folk buildings will also have a budget set aside for resident-led activities and events.
Folk will be launching two further co-living developments in Earlsfield and Battersea. Earlsfield is a 315 studio co-living scheme, with 35% onsite Affordable Housing. The scheme will open in October 2022. Folk will then open a 270 studio scheme in Battersea, with 31% onsite Affordable Housing in Q1 2023.
For media enquiries please contact:
Sarah McClarron, DTZ Investors
0203 349 0218
sarah.mcclarron@dtzinvestors.com