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The latest news and events at Maples Teesdale

| 1 minute read

The future of Co-Living in London is here...

Two years after its initial guidance, having taken quite a bit of flak for it, the Greater London Authority issued a revised London Plan guidance document for Co-living projects in February. I am not sure the description of “large-scale purpose-built shared living” schemes or the acronym LSPBSL will ever stick, but the revised guidance is very welcome. 

Flexibility is key for this sub-sector of the housing market, as living arrangements continue to evolve. The guidance acknowledges this by including a sliding scale of recommended benchmarks for internal amenity provisions, from 4 sq m per resident (for sub-100 people schemes) to an additional 2 sq m per resident (for 401+ people schemes). The guidance also states that as a minimum, communal facilities should enable all residents to cook/eat meals, relax/socialise, work from home, do laundry and enjoy external communal spaces. Benchmarks for such external amenity space provisions are also given (1sq m per resident up to 400 people, then an additional 0.5 sq m per extra resident). 

Co-living schemes have to provide affordable housing contributions in line with the viability-tested route. Where the scheme cannot deliver on-site affordable housing (because only co-living units are proposed), a cash contribution will be required - either as an up-front payment linked to market value, or as an annual payment (in perpetuity) linked to actual rental income. The expected contribution will be assessed in relation to either 35% of units provided, or 50% of the market value (or rental income) of the relevant proportion of units.

It's great to see that the Co-living sector is finally starting to be understood and embraced by the planners, which will hopefully continue to fuel the growth of this sub-sector into institutional grade operational real estate.

Click here to access the GLA guidance document.

The Greater London Authority (GLA) has adopted new guidance on co-living schemes being developed in the capital. The guidance is meant for planning authorities to assess planning applications for such projects, as well as developers, architects and designers in designing and managing the large-scale purpose-built shared living (LSBPSL) schemes.


co-living, alternatives, chris xitsas, commercial real estate, living