Launch of Micro-Living Platform

Ailon group and an international institutional investor plan to create over 5,000 new ‘micro living’ homes across the Nordics.

The platform is one of the first of its kind to introduce the micro-living concept into the Nordics on a significant scale.

The projects are a mix of new build and conversion schemes and are planned to be the first in a series of investments by the joint venture in micro-living in key Nordic cities that have growing and stable populations.

The schemes will target students, young professionals and corporate residents and will have access to study/co-working space and other social areas, creating vibrant communities. All of the schemes are located in attractive locations close to public transportation and local amenities.

Micro-living has emerged in recent years as a way of creating homes whose design is geared towards compact living and by creating shared facilities that serve as an extended living room, creating connectivity and social communities.

Andrew Dawson, Founding Partner of Ailon, commented:
“Micro-living has become an integral part of the overall asset allocation for institutional investors in Europe and there is a huge demand for this product in the Nordics.”

Jacob Cronstedt, Founding Partner of Ailon, continued:
“Social and demographic changes and more flexible employment conditions are reflected more strongly in the emerging micro-living asset class than in virtually any other current housing trend. The demand for living small is getting bigger and bigger. This is an effect of rising rents in large cities and an increase in autonomous lifestyles of young people. Demand for temporary, furnished apartments for students as well as young professionals has also increased. It has also become less important for the new generation of young people to own their home, and easier and more flexible not to have a mortgage, which is a big, long-term commitment. The Nordics also benefit from high quality of life and an acute housing shortage.”