DTZ Investors Co-Living Fund has achieved a 5 Star rating and was named Global Sector Leader in the 2022 GRESB Real Estate Assessment for Residential Development

22nd November 2022

DTZ Investors Co-Living Fund has achieved a 5 Star rating and was named Global Sector Leader in the 2022 GRESB Real Estate Assessment for Residential Development

DTZ Investors, COLIV Fund I has been recognised as a GRESB Sector Leader for scoring top in sector and region in residential development against the GRESB ESG benchmark.

COLIV Fund I was set up based on a vision of creating places that deliver a meaningful and tangible social and environmental impact. This recognition by GRESB demonstrates how this vision has been put into practice and implemented across the portfolio.

GRESB has become the world’s leading ESG benchmark for real estate investments, enabling participants to drive forward their ESG ambitions through clear insight into strengths, weaknesses and opportunities. In 2022, over 1,800 entities participated in GRESB worldwide, covering $6.9t trillion of gross asset value (GAV) across 74 countries.

The GRESB 5 Star rating recognises entities in the top 20% of the benchmark. The fund achieved an overall score of 97/100, exceeding the GRESB average of 81 and the peer average of 72.

COLIV Fund Manager Chris Saunders: “We are proud our focus to deliver strong ESG standards across the fund has been recognised through a 5-star GRESB rating and our top ranking residential development in the 2022 GRESB Real Estate Assessment. COLIV Fund I has produced two co-living schemes operated under the Folk brand; The Palm House in Harrow and Sunday Mills in Earlsfield. With a further development currently under construction in Battersea. Our developers, Halcyon Development Partners, have been instrumental in helping us deliver exceptional Folk Co-living buildings that exceed industry recognised environmental, social and governance [ESG] measurements. We are delighted with these results and honour them for their part in this accomplishment.”

Nik Dyer, Associate Director at Halcyon Development Partners said: “A 5-star GRESB rating is a phenomenal achievement for the COLIV Fund I and testament to all the hard work that has been put into the fund’s projects to date. At Halcyon, it’s fundamental for us that we constantly challenge ourselves to deliver meaningful social and environmental impact. Our own ESG ambitions and those of our partners are a central focus for projects and we continually look to pioneer initiatives and tools to better our development credentials. The Palm House in Harrow and Sunday Mills in Earlsfield are two exemplar projects where ESG ambitions have been successfully championed from initial project vision to the completed building.

For media enquiries, please contact:

Sarah McClarron, DTZ Investors

0203 349 0218

sarah.mcclarron@dtzinvestors.com



DTZ Investors Announces Launch of Sunday Mills in Earlsfield

10th November 2022

DTZ Investors Announces Launch of Sunday Mills in Earlsfield

DTZ Investors’ co-living brand, Folk Co-living, on a mission to set a new standard for renting, has launched its second site in London, Sunday Mills in Earlsfield. The building, operated under the Folk Co-living brand by Urban Bubble, opened to residents at the end of October and has attracted unprecedented interest resulting in 50% of the units being leased before opening.

Set along the River Wandle, the building features 315 beautifully designed studios and impressive shared spaces like a roof terrace with 360-degree views of London, a huge co-working space, high spec community kitchen, a gym, cinema room, lounge and on-site restaurant and bar.

Folk buildings are designed around the brand’s key pillars of community and connection, encouraging social interaction and the formation of new friendships and relationships. The building, developed by Halcyon Development Partners, was funded through DTZ Investors specialist co-living investment vehicle, COLIV Fund I, and is the second Folk Co-living development in its growing portfolio.

Constructed by McAleer & Rushe, Sunday Mills features spaces designed by Assael Architecture and design partners Atypical Practice, who together have created spaces for residents to come together and cook, work, enjoy social events, exercise and relax. A restaurant overlooking the river will launch early next year, providing an exciting new food and drink destination for local residents and visitors to Earlsfield.

The site is just a four-minute walk to Earlsfield train station, where residents can jump on a train to central London in just fifteen minutes. Particularly attractive to London renters is the all inclusive bill. In a recent survey, over 80% of Folk residents said the convenience and cost savings of an all in one bill were what attracted them to move in. This includes access to all amenities, the weekly events programme, and covers all bills, removing the worry of rising living costs which many renters are facing in the current climate.

The socially responsible brand has reserved 35% of the studios as affordable housing, with studios starting from just £180 a week for renters who most need them, including 5 studios that are reserved for local young people who were previously in foster care. Folk buildings also commit 1% of net income to local charities and community partners. There has been a strong focus on sustainable design and construction to drive the building’s efficiency and performance and the building is on target to achieve a BREEAM Excellent accreditation. This reflects the Fund’s ESG credentials, with COLIV recently awarded a 5* GRESB rating, scoring 97 out of 100 receiving further recognition as Global Sector Leader in residential development.

COLIV Investment Director Chris Saunders said, “We are really excited to launch Sunday Mills. It is a fantastic co-living building in a great location, so we haven’t been surprised by the phenomenal interest from prospective residents; it’s a testament to the quality of the product the Fund is looking to create and the strength of the Folk Co-living brand”

Dominic Butler, Partner at Halcyon Development Partners said: “I am thrilled to see the launch of Sunday Mills following another successful delivery by our team at Halcyon. I became first involved with this site in 2018. It was clear the site had the right credentials to create a vibrant co-living destination. After navigating the various land interests, I successfully led the acquisition process and transacted on the site in January 2019. The transformation of the site from an industrial storage yard to a game changing co-living building is breath taking and an achievement the team and I are hugely proud of.”

Folk launched The Palm House, Harrow earlier this year and has already successfully stabilised, achieving full occupancy within 6 months of practical completion. A third Folk Co-living building will launch in 2023; a 270 studio scheme in Battersea, with 31% onsite Affordable Housing.

DTZ Investors is currently capital raising to fund a future pipeline of opportunities. If you would like to know more, please get in touch with Chris Saunders.

For media enquiries, please contact:

Sarah McClarron, DTZ Investors

0203 349 0218

sarah.mcclarron@dtzinvestors.com



DTZ Investors Co-living brand 'Folk Co-living' partners with ARC Club to deliver workspaces at The Palm House, Harrow

3rd November 2022

DTZ Investors Co-living brand 'Folk Co-living' partners with ARC Club to deliver workspaces at The Palm House, Harrow

Driven to deliver convenient, well-designed, and functional workspaces that are inaccessible for most renters in London, DTZ Investors has today announced a new partnership with ARC Club to provide high quality professionally managed workspace for its Folk Co-living residents at The Palm House in Harrow.

Funded through DTZ Investors Co-Living Fund I (COLIV), DTZ Investors create interior designed co-living buildings with state of the art amenities that renters can be proud of.

ARC’s appointment as workspace manager at the Palm House will see them introduce a number of professionalised amenities, including second screens and state-of-the-art printing, as well as community event programming and an on-site professional customer service offering.

Joining forces with ARC Club also means that The Palm House’s residents will have access not only to an ARC Club space in their own building but to ARC’s growing network of spaces all over London, so they can work from wherever they choose.

Chris Saunders, COLIV Fund director, says: “DTZ Investors are delighted to partner with a brand that shares Folk’s vision and values of delivering well-designed, flexible, and accessible spaces that build community and connection. ARC Club will provide premium workspaces included in residents all inclusive bill, giving residents access to The Palm House and ARC Clubs across London. We’re also looking forward to welcoming members of the local community into our spaces to collaborate and create together, building a diverse and inspiring environment that everyone can be a part of.”

Hannah Philp, Co-founder at ARC Club said: “We believe that having places to convene in our local neighbourhoods is vital for physical and social wellbeing. We are social animals! As such, we are delighted to be partnering with Folk and adding productive, design-led  workspaces to their co-living portfolio. With this partnership, ARC will increase its network to 5 flexible workspaces dispersed across London and access to all of them will be included in ARC Membership, which is free to all Folk residents. The introduction of an ARC Club at The Palm House will also increase the amount of shared space that is available to the wider residential area and enhance the positive local impact of each building. ARC is committed to transforming how we live, work and thrive together in our local neighbourhoods”.

For media enquiries, please contact:

Sarah McClarron, DTZ Investors

0203 349 0218

sarah.mcclarron@dtzinvestors.com