Mitheridge Capital Management has secured a loan from Octopus Real Estate to fund the delivery of a co-living development on Wallis Road in Hackney Wick, London.
The 0.9-acre site, which currently houses 30,000 sq ft of industrial space, has detailed planning consent for the creation of a 337-unit co-living scheme.
In addition to co-living studios, the development will also feature communal amenities, landscaped areas and commercial ground floor space with affordable workspace dedicated to supporting the local community.
James Nunn, investment director at Octopus Real Estate, said: “We are intensifying our focus on lending into the living sectors in 2025, leveraging our deep expertise in this space. The demand for purpose-built co-living accommodation continues to grow, especially in major UK cities like London.
“This sub-sector’s strong economic resilience, high occupancy rates, and attractive rental yields make it a compelling opportunity for lenders like us, who specialise in financing transitional assets. At Octopus Real Estate, we are committed to funding developments that deliver high-quality, sustainable living spaces. Increasing the supply of co-living properties is a key part of that mission.”
Halcyon Development Partners is acting as the development manager for the co-living scheme. The loan was brokered by Mantra Capital.
