Moorfield completes construction of The Apiary co-living scheme

The Apiary scheme marks Moorfield’s first investment in the fast-growing co-living sector, which has tripled in size in the UK since 2019.

Moorfield Group has completed its new co-living scheme The Apiary in Ealing | BTR News
Moorfield Group has completed its new co-living scheme The Apiary in Ealing.

UK-focussed real estate fund manager Moorfield Group has completed the construction of its new co-living development The Apiary in Ealing. Designed to achieve BREAAM Very Good as a minimum standard, the scheme includes 81 studio apartments.

Apartments at The Apiary are in a modern building adjacent to Ealing Broadway station. The new homes help to support the demand for affordable, high quality and flexible accommodation from young professionals and students living in the area.

The Apiary building is located less than a one-minute walk from Ealing Broadway’s major single-level interchange station, and will connect residents to destinations across the District, Central and Elizabeth lines.

The Apiary hosts a variety of purpose-designed amenity spaces, including a contemporary private dining area, wellness studio and rooftop terrace with expansive views over the city.

“Construction completion for our first co-living investment marks a major milestone within our UK living sector strategy and follows our extensive experience in purpose-built student accommodation and Build to Rent. There remains a structural under-supply of high-quality homes for rent, especially in major cities like London, and we see harnessing institutional capital into residential investment as being key to solving the housing crisis. The Apiary’s quality design, amenities, and robust sustainability credentials will provide a top-tier rental offering to one of London’s most vibrant and accessible submarkets, perfectly located to suit the needs of young professionals.”

Heiko Figge, Head of Operational Asset Management, Moorfield Group

The co-living scheme was forward funded by Moorfield’s fifth value-add fund, Moorfield Real Estate Fund V (MREFV). In January, Moorfield also announced a funding agreement with Glenbrook for a 440-home Build to Rent development at Lumina Village in Manchester.

Moorfield’s in-house asset management capabilities and proven track record in working successfully with specialist operational and development partners has enabled the company to create market-leading vertically integrated platforms across a range of sectors. 

In addition to successfully identifying opportunities within the office and industrial/logistics sectors, Moorfield is well known as a vanguard investor in operational real estate, having pioneered investment in student accommodation (since 1997), Build to Rent (since 2012) and senior living (since 2008).