DTZ Investors’ co-living brand, Folk Co-living, has launched its second site in London. Sunday Mills in Earlsfield opened to residents at the end of October and 50% of the units had already been leased before opening.
The building, developed by Halcyon Development Partners, was funded through DTZ Investors specialist co-living investment vehicle, COLIV Fund I.
McAleer & Rushe handled construction, while spaces were designed by Assael Architects and interior experts Atypical Practice.
What does the Earlsfield development have to offer?
The building features 315 studios and shared spaces. Residents also benefit from a roof terrace with 360-degree views of London, a huge co-working space, a high-spec community kitchen, a gym, a cinema room, a lounge, and an on-site restaurant and bar.
A restaurant overlooking the river will launch early next year, and provide residents and visitors with an ‘exciting’ dining destination.
Earlsfield train station is only a four-minute walk away, providing residents with excellent transport links to London in roughly 15 minutes.
Sustainable and affordable homes
Buyers hoping to snag a deal will benefit from the affordable housing that is available. Studios in this category start from just £180 a week.
Sustainable design and construction were kept in mind during the construction. 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.
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.”
He added: “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.”