Co-living startup Cohabs announce three investors

Co-living startup Cohabs announces the entry into its capital of three real estate investors to accelerate growth.

Co-living startup Cohabs announces three new investors | BTR News

Cohabs, a Brussels-based company specialising in co-living, 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). Cohabs was advised on this transaction by Natixis Partners and Tandem Capital Advisors. All founders and historical shareholders AG Real Estate and Alphastone also remain involved.

“From the first meeting with Ivanhoé Cambridge, it was clear we were a good fit. They immediately understood our vision of co-living 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 co-living company in the world.”

Youri Dauber, Founder and CEO, Cohabs

Founded in 2016 by four Belgian entrepreneurs — Youri Dauber, François Samyn, Malik Dauber, and Lionel Jadot — Cohabs is a fully integrated co-living platform that owns and operates real estate assets. They provide a shared housing experience through fully furnished accommodation. The 50-person company has a portfolio of 1,550 bedrooms across five cities – Brussels, Paris, New York, Madrid and Luxembourg – with the majority of its team and assets based in Brussels.

Driven by a community-first approach, Cohabs aims to provide a tech-centric and flexible process. The company intends to limit its impact on the environment by focusing on a global sustainable approach. From a social standpoint, Cohabs is committed to maintaining 5% of the Belgium portfolio as solidarity bedrooms with 50% reduced rent.

To fulfil its 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.

“Cohabs offers everything we are looking for in terms of an innovative concept in an alternative asset class, which matches a strong and growing trend in the living sector, and we are confident the company will further grow internationally. This operation is another demonstration of Ivanhoé Cambridge’s ability to successfully close structured private equity deals, and to diversify its portfolio with alternative asset classes.”

Arnaud Malbos, Head of Investments Europe, Ivanhoé Cambridge

This equity investment will allow investors to assist Cohabs with structuring, financing and operational growth. The expectation is that this will strengthen Cohabs’ capital structure and increase its capacity to position itself as a major player with a focus on a sustainable co-living experience that puts members first.

“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.”

Amand-Benoît D’Hondt, Chief Alternative Investments and Sustainability Officer, AG Real Estate