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