Folk announces opening of Florence Dock co-living scheme

Co-living developer Folk have introduced Florence Dock, their third scheme in twelve months following positive uptake at Harrow and Earlsfield, to the co-living market.

Folk's Florence Dock co-living scheme in Battersea | BTR News
Folk's Florence Dock co-living scheme in Battersea.

As co-living popularity soars, DTZ Investors’ co-living brand – Folk Co-living – are launching their third development at Florence Dock in Battersea. The building already has a waiting list of 2000 people.

“We are thrilled to launch Florence Dock. It is a fantastic co-living building in a great location, so we haven’t been surprised by the phenomenal interest from prospective residents; it’s a testament to the quality of the product the Fund is creating and the strength of the Folk Co-living brand.”

Chris Saunders, Investment Director, COLIV

A ten-minute walk from Clapham Junction and Wandsworth Town Station, the London-based site will feature multiple roof terraces with views of the city, a huge co-working space, high spec community kitchens, a gym, cinema room, gaming room, lounge and on-site bar for residents to enjoy.

“The launch of Florence Dock in Battersea is an exciting next step in Folk’s journey as we continue to offer hassle-free co-living in London. As our brand has grown rapidly over the past year, we’ve been able to hone our offering, take all the best bits of co-living and combine them with state-of-the-art design and innovative technology to launch Florence Dock. We’ve balanced the indoor and outdoor spaces perfectly by working with architects and positioning the building riverside, and we are really excited for our first residents to sign up and move in!”

Paul Naylor, General Manager, Folk

Constructed by RG Group, Florence Dock features spaces designed by Assael Architects, KKA and interior experts Atypical Practice. The scheme contains 270 private studios, and will be Folk’s third co-living scheme in the capital, which will continue the focus on community and connection by encouraging social interaction amongst residents.

Residents can expect to pay £1,695 per calendar month (studio price, cost may vary) which includes bill coverage, access to all events and communal areas, gym, cinema and co-working spaces.

The building, developed by Halcyon Development Partners, was funded through DTZ Investors’ specialist co-living investment vehicle, COLIV Fund I.

The site is expected to reach completion in April and open for renting in June this year, following the opening of Folk’s The Palm House in Harrow last year.

“Having been involved from the very beginning with the acquisition of this site, I am hugely proud of the successful delivery of Florence Dock by the team at Halcyon. The scheme adds to a total of over 800 co-living studios delivered in the last 18 months for the COLIV fund across three significant London sites. The level of interest generated reflects the scheme’s exceptional level of quality and the growing appeal for the co-living sector, which provides a level of flexibility and convenience not currently catered for by the rented housing market.”

Russ Beresford, Partner, Halcyon Development Partners