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🔁📝Missed our last update? Last week, we explored Outsite’s Expansion Plans and Coliving Property Management Systems and how they relate to today’s discussion on joint ventures. Click below to read the previous article and see how it all ties into today’s post:

MIPIM and Co-Liv Announce 'Housing Matters!' Conference

The ‘Housing Matters!’ summit is scheduled for 11 March 2024, a day before the standard four-day MIPIM conference in Cannes. This event is a collaboration between MIPIM and Co-Liv, the global association of shared housing professionals. The summit will focus on future housing solutions, exploring verticals such as coliving, student accommodation, build-to-rent, later-living, and new financial structures. See the event programming or read more in the press.

If you are in Paris, join the pre-launch of 'Housing Matters!' next Thursday from 6-8 pm. Special guests include Nicolas Kozubek, Managing Director at MIPIM, Gui Perdrix, President of Co-Liv (and also the author of this announcement), and Xavier Lépine, President of the IEIF. This is an opportunity for shared housing professionals to meet industry leaders. Registration is required.

Coliving Companies United To Launch New Housing Group

Big announcement: Coliving companies Chez Nestor, DoveVivo, and Altido have partnered to launch Joivy. This new venture offers a wide range of advisory and management services to current and potential property owners. On the other hand, it provides a variety of flexible spaces for those seeking short, medium, or long-term accommodation. Read the press release.

Node Launches A Special Resident Program

Coliving company Node, operating in several countries across Europe and North America, is launching a dedicated residency program aimed at attracting talented individuals to their new urban living hub. The idea is to support entrepreneurs, creatives, and industry leaders by transforming them into community leaders. This involves allowing them to host events and providing them with financial, communal, and promotional support.

This initiative exemplifies the bottom-up methodology: finding ways to incentivize residents to actively engage in and shape the communal experience. See the program.

Draper Startup House Launches Largest Entrepreneurial Coliving

In Hyderabad, India, Draper Startup House has launched what is now the largest entrepreneurial coliving space, featuring over 100 beds. This new venture is dedicated to providing affordable housing for global entrepreneurs. Draper Startup House aims to support entrepreneurs not only in their professional lives through mentoring, programs, sponsorships, and affordable housing but also focuses on an interest-led experience rather than a design-led one. For other examples, consider Eddy Living or Creative Coliving in Los Angeles, which offer housing in pods for less than $1000 a month, including amenities like recording studios, performance spaces, career advisory, and other interest-focused benefits. Read more here.

The Notion of Coliving Becomes Popular Amongst Universities

UCLA in Los Angeles is on a mission to provide affordable housing for students, with costs less than $600/month. The university has been recognized for its shared living developments, with new projects on the southwest edge of the campus. These developments are based on a coliving model featuring shared kitchens, community bathrooms, and a landscaped communal courtyard. This approach not only keeps costs down but also provides a supportive living environment for students. Alongside universities, innovation centers like Station F in Paris, with over 1000 incubated projects, have opened their own coliving space, Flatmates. This space offers affordable housing starting at 499€/month for shared apartments and is funded by Xavier Niel’s foundation, aiming to attract international talent.

New Book On Urban Living

“Urban Communal Living in Britain" is a comprehensive guide that explores the diverse forms of urban communal living. The book features contributions from experts in areas such as cooperative housing, student co-ops, and cohousing. It includes practical advice, personal stories, and insights into living with learning disabilities and managing intentional community house shares. Additionally, it delves into unique topics like squatting in London and the occurrence of cults in communal settings. This compilation aims to provide a broad perspective on the possibilities and experiences of communal urban living. Get it here.

And Everything Else Coliving…

• New Book on Coliving Marketing In Progress: Mayank Pokharna, co-founder of Artof.Co, recently announced on LinkedIn his work in progress titled "The Art of Coliving Marketing: How to Establish, Scale, and Grow Your Coliving Business". Interested readers can comment on his post to receive notifications about the book's progress.
• Savills' recent study reveals that 38% of the largest European investors with over €1 trillion AuM are already investing in coliving, according to coliving company The Citylifer. Additionally, 51% of these investors plan to target coliving in the next three years. This represents a 13% increase, marking the highest growth rate among all 'Living' sectors and demonstrating a strong appetite among global investors for this product.
• Value of PBSA Sector Predicted to Grow: According to a prediction by Knight Frank, the value of the Purpose-Built Student Accommodation (PBSA) sector is expected to increase from £85.8 billion in 2023 to £104 billion by 2028. This forecast is based on Knight Frank's analysis of current operational student property, stock under construction, and weighted average rents.

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Wishing you a great weekend,

The Artof.Co team

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🆕 Next in the series! We’ll be covering new financial strategies and ESG in EC04, followed by senior housing initiatives in EC05.