Summary:
- Cardiff-based developer Urban Centric has secured a £24.25m refinancing facility from Handelsbanken for Fitz & Knox, Wales’ first co-living scheme, which offers 208 fully occupied studio apartments with communal amenities in central Cardiff.
- The funding deal marks Handelsbanken’s entry into the co-living market and follows a £7.9m equity investment from Lloyds Housing Growth Partnership, supporting the project’s completion and sustainable development goals.
- The 100,000 sq ft Fitz & Knox building, formerly occupied by Legal & General, represents a significant milestone for co-living in Wales and highlights Handelsbanken’s growing commitment to innovative property developments in South Wales.
Original article:
https://www.business-live.co.uk/enterprise/first-co-living-scheme-wales-34602777
