BRUSSELS, Nov. 18, 2022 (GLOBE NEWSWIRE) — Cohabs, a Brussels-based company specializing in coliving, announces the entry into its capital of three new institutional investors: global real estate investor Ivanhoé Cambridge, Belfius Insurance, and the real estate arm of the Belgian Sovereign Fund (SFPIM – Real Estate). All the founders and historical shareholders AG Real Estate
and Alphastone remain on board to fuel the growth of the company.
With the ambition to reach 5.000 bedrooms across 11 cities by the end of 2026, Cohabs looks to initiate the next step in expansion through increased institutional support.
This equity investment will allow investors to assist Cohabs in terms of structuring, financing, and operational growth due to their extensive resources and experience in developing high-quality real estate around the world. This will significantly strengthen Cohabs’ capital structure and increase its capacity to position itself as a major player with a focus on a sustainable coliving experience that always puts its members first.
Cohabs was advised on this transaction by Natixis Partners & Tandem Capital Advisors.
“From the very first meeting with Ivanhoé Cambridge, it was clear we were a good fit. They immediately understood our vision of coliving and shared our fundamental values. They have the experience, resources, and drive to help us reach the next level. Combine this dynamic with the belief and support from our historical Belgian investors and our ambition has all the fuel necessary for us to accomplish our goals. Our mission will remain the same: be the most qualitative, sustainable, and member-centric coliving company in the world.“
“Cohabs offers everything we are looking for in terms of an innovative concept in an alternative asset class, which aligns with a strong and growing trend in the living sector, and we are confident the company will grow further internationally. This operation is another demonstration of Ivanhoé Cambridge’s ability to successfully close complex private equity deals, and to diversify its portfolio with alternative asset classes.“
Arnaud Malbos, Head of Investments Europe for Ivanhoé Cambridge.
“We are delighted with this important step in the life of Cohabs, which we have supported with conviction since its inception. Flexibility, agility, service and quality in addition to a strong local Belgian base: these are all assets that have undoubtedly attracted Ivanhoé Cambridge. As a top-tier financial and strategic partner, AG Real Estate is convinced that such a pool of investors can only ensure the growth and sustainability of Cohabs! Congratulations to the teams for this new milestone in their history.“
Contact Information:
Seonaid Strachan (Headland)
[email protected]
+44 (0)78 2655 0796
Roxane Decraemer
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+32 2 609 67 37
Melanie Keegan
Content Manager
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