Grosvenor to step up £900 million resi and living sector debt strategy
Grosvenor Property UK aiming to allocate £900 million of debt funding to support resi and living sector delivery.
Grosvenor Property UK aiming to allocate £900 million of debt funding to support resi and living sector delivery.
UK: Research from Gerald Eve has found that, while London’s potential market for coliving accommodation is 600,000 beds, supply is forecast to reach just 11,500 beds by 2027, highlighting the mismatch between supply and demand within the market.
UK: The UK Apartment Association (UKAA) has rebranded as the Association for Rental Living (ARL).
UK: International Hospitality Media (IHM), a leading publisher and event organiser in the hospitality and real estate sectors, has announced major expansion and improvement to its flagship Urban Living Festival.
UK: Proposals for a 78-unit coliving scheme at a grade II-listed former library in Leeds have been approved at appeal.
ULN editor George Sell reports from MIPIM in Cannes, where the living sector has reached the top of the real estate agenda.
Netherlands: Real estate manager Redevco has created a pan-European residential asset management platform, called Redevco Living.
UK: Construction company JJ Rhatigan has been awarded the contract to build 209 coliving units at White City in west London.
Architect Morris + Company has released details of plans to replace warehouses in Hackney Wick, east London, with an eight-storey coliving scheme that also includes workspace.
KSA: RAFAL Real Estate Development Company and Dubai-based operator HIVE, have formed a strategic partnership to introduce coliving to the Saudi Arabian market.