Nov 2020
Nov 2020

Maples Teesdale advises The Collective on the construction aspects of the £70m Earlsfield Co-Living Scheme

By Sam Nichols

Maples Teesdale have advised The Collective on the construction aspects of the £70m forward funded 310 room scheme in Earlsfield.  The scheme is part of a London co-living fund set-up by DTZ Investors, in partnership with The Collective, the COLIV fund.  The Collective will build-out and operate the development on Trewint Street

The development will be funded with a mixture of equity, drawn down from the fund, and debt, which will be provided by alternative asset manager Cheyne Capital. 

The development will provide 35% on-site affordable housing targeted at key workers and will also offer extensive indoor and outdoor communal spaces designed to bring the community together. More than a quarter of the 120,000 sq. ft space will be dedicated to amenities, including a café, library and cinema room. Upon completion of the development, The Collective will continue to operate the site. 

The Maples Teesdale team was led by Sam Nichols (Construction Partner) with support from associate Alex Homatas, Charlie Gilbert Wood and trainee Emily Butson.