Mourant advises on co-living world first
26 November 2019
Leading global offshore law firm, Mourant, has advised DTZ Investors in connection with the establishment of the world’s first unlisted collective investment vehicle investing in large scale purpose-built London co-living buildings.
The fund is targeting a fund size of £1 billion investing in 6-10 assets in London. The fund's portfolio is seeking to provide a high-quality housing solution for 'Generation Rent', seeking hassle-free accommodation with a vibrant and inclusive community.
The collaboration is based on a shared vision and belief in creating co-living places which deliver a meaningful and tangible social and environmental impact.
The Collective has announced two London co-living buildings near North Acton and Canary Wharf. The first development to be built through the fund will be a nine-story, 222 room block in Harrow, expected to be completed in 2021.
Mourant Partner Joel Hernandez led the team, assisted by Senior Associate John MacFeeters and Associate Ellie Oury. They worked alongside the team at CMS Cameron McKenna Nabarro Olswang LLP acting as English legal advisors to DTZ Investors.