The Collective targets £650m fundraising to build £1bn co-living portfolio

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Co-living group The Collective and DTZ Investors have launched the world’s first fund to buy and build communal housing in London.

The joint venture is seeking £650m to fund six to 10 projects in London. It has £70m of seed capital and is aiming to build a portfolio valued at around £1bn over its 10-year life, offering backed returns of 8% to 10%.

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