Coliving Startup Cohabs Be a part of Forces With Main Actual Property Buyers to Speed up Progress

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With the ambition to succeed in 5,000 bedrooms throughout 11 cities by the top of 2026, Cohabs seems to be to provoke the following step in enlargement via elevated institutional help.

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BRUSSELS, Nov. 18, 2022 (GLOBE NEWSWIRE) — Cohabsa Brussels-based firm specializing in co-living, proclaims the entry into its capital of three new institutional traders: world actual property investor Ivanhoe Cambridge, Belfius Insurance coverageand the true property arm of the Belgian Sovereign Fund (SFPIM – Actual Property). All of the founders and historic shareholders AG Actual Property
and Alphastone stay on board to gas the expansion of the corporate.

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Based in 2016 by 4 Belgian entrepreneurs — Youri Dauber, François Samyn, Malik Dauber, and Lionel Jadot — Cohabs is a completely built-in co-living platform that each owns and operates its actual property belongings. They supply a singular shared housing expertise via totally furnished, premium lodging. The 50-person firm has a present portfolio of 1,550 bedrooms throughout 5 cities (Brussels, Paris, New York, Madrid, and Luxembourg), with nearly all of its crew and belongings primarily based in Brussels.

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Pushed by a community-first method, Cohabs prioritizes the expertise of its members via a tech-centric and versatile course of. The corporate is dedicated to limiting its influence on the surroundings by specializing in a worldwide, sustainable method. From a social standpoint, Cohabs is dedicated to sustaining 5% of the Belgium portfolio as solidarity bedrooms with 50% diminished lease to make sure coliving is accessible for all.

With the ambition to succeed in 5,000 bedrooms throughout 11 cities by the top of 2026, Cohabs seems to be to provoke the following step in enlargement via elevated institutional help.

This fairness funding will enable traders to help Cohabs by way of structuring, financing, and operational development attributable to their in depth assets and expertise in creating high-quality actual property all over the world. This can considerably strengthen Cohabs’ capital construction and improve its capability to place itself as a significant participant with a give attention to a sustainable coliving expertise that all the time places its members first.

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With that in thoughts, this step ahead is not only a win for one group, however a significant step ahead for the institutionalization of the coliving trade.

Cohabs was suggested on this transaction by Natixis Companions & Tandem Capital Advisors.

From the very first assembly with Ivanhoé Cambridge, it was clear we have been an excellent match. They instantly understood our imaginative and prescient of coliving and shared our elementary values. They’ve the expertise, assets, and drive to assist us attain the following degree. Mix this dynamic with the idea and help from our historic Belgian traders and our ambition has all of the gas vital for us to perform our objectives. Our mission will stay the identical: be essentially the most qualitative, sustainable, and member-centric coliving firm on the earth.

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Yuri Dauber, Founder & CEO of Cohabs.

Cohabs provides all the things we’re in search of by way of an revolutionary idea in another asset class, which aligns with a robust and rising pattern within the residing sector, and we’re assured the corporate will develop additional internationally. This operation is one other demonstration of Ivanhoé Cambridge’s capability to efficiently shut advanced non-public fairness offers, and to diversify its portfolio with different asset lessons.

Arnaud Malbos, Head of Investments Europe for Ivanhoe Cambridge.

We’re delighted with this vital step within the lifetime of Cohabs, which we have now supported with conviction since its inception. Flexibility, agility, service and high quality along with a robust native Belgian base: these are all belongings which have undoubtedly attracted Ivanhoé Cambridge. As a top-tier monetary and strategic accomplice, AG Actual Property is satisfied that such a pool of traders can solely guarantee the expansion and sustainability of Cohabs! Congratulations to the groups for this new milestone of their historical past.

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Amand-Benoit D’Hondt, Chief Different Investments & Sustainability Officer at AG Actual Property.

Contact data:

Seonaid​ Strachan (Headland)
sstrachan@headlandconsultancy.com

+44 (0)78 2655 0796

Roxane Decraemer
roxane.decraemer@agrealestate.eu

+32 2 609 67 37

Melanie Keegan
Content material Supervisor
melanie@cohabs.com

Associated Information

About Buyers (1).pdf

221115_Cohabs_PressRelease_EN.pdf

Associated Footage

Image 1: Eating room

Eating room of Cohabs house in New York.

Image 2: Cohabs crew

Cohabs crew in HQ

This content material was issued via the press launch distribution service at Newswire.com.

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