Built Asset Management acquires Capital Living

With plans to increase its already growing portfolio in London, Built Asset Management (BAM) has acquired Capital Living.

L-R: BAM's Co-Founder's and Director's Alex Gibbs and Jordi Pasqualin | BTR News
L-R: BAM's Co-Founder's and Director's Alex Gibbs and Jordi Pasqualin. Image credit: SBurnett.

Co-living operator BAM announces that is has further reinforced its position as the largest co-living operator in London with the acquisition of competitor Capital Living, joining the BAM business portfolio for an undisclosed fee.

The deal represents BAM’s third acquisition in London’s co-living sector in just under two years; adding over 200 units to the brand’s already 1,300 strong portfolio across the capital.

Over the last two years, BAM has doubled the size of its business in revenue terms and now operates over £350m worth of London real estate in a co-living capacity.

“We are very excited to bring Capital Living into the wider BAM group. The business has fantastic coverage in South West London, a great legacy within our sector and a strong brand presence. We believe that access to the group’s wider infrastructure will enable Capital Living to improve its service offering and bolster the next phase of its growth journey. After doubling the size of our business in two years, BAM continues to remain acquisitive. We believe that the co-living model adds real value to residential real estate owners in what has been a very challenging environment. The model simultaneously provides an attractive yet more affordable living solution for young professionals in London and demand for our services continues to significantly outstrip the number of available units.”

Alex Gibbs, Co-Founder and Director, BAM

Founded in 2009, Capital Living is one of London’s preeminent co-living brands, operating over 200 units of accommodation in predominantly South West London neighbourhoods with a turnover of over £2.5m in the last financial year.

Following its acquisition, Capital Living remains an independent entity within the wider BAM group.

It underscores BAM’s targeted growth strategy in consolidating the upmarket co-living sector in London.