DTZI and The Collective launch world’s first co-living fund

Co-living provider The Collective has teamed up with DTZ Investors to launch the world’s first co-living fund, seeking to raise £650m.

The new fund, DTZ Investors Co-Living Fund I, dubbed COLIV, will aim to deploy £1bn on six to 10 projects in Greater London over 10 years. It is seeded with £70m of investment, with DTZI and The Collective committing £10m to the fund.

COLIV is the first institutional investment vehicle investing in at-scale purpose-built co-living buildings. It is targeting a core-plus internal rate of return of 8-10%.

The fund aims to build a portfolio over