Copenhagen, Denmark - Danish coliving startup LifeX, currently operating in six European countries, announces their expansion into the Belgian market and two new property partnerships. The recent property deals LifeX has secured represent a new phase in their growth strategy moving forward.

LifeX is excited to announce its expansion into the Belgian market. LifeX has secured a partnership with Candor, a Belgian property development company that specialises in residential and hotels. Candor has a great property portfolio and a forward-thinking approach to real estate so their partnership is a natural fit.

Working with Candor as a partner made the opportunity to expand to Brussels a clear next step. Jan Vlaminck, the Director of Asset Management and Development at Candor, sees LifeX’s concept as a value-add to their portfolio, “At Candor we look constantly at how we can add value to our developments and make them come alive. We believe in a positive attitude and passion for our business, that’s where we encounter LifeX. We are looking forward to welcoming LifeX members to our Brussels coliving spaces.” With Candor’s scale and LifeX’s innovative concept - they plan to make waves in the Belgian market. LifeX opened its first properties in Brussels in late April 2021.

Additionally, LifeX has secured a property deal with the real estate subsidiary of one of Denmark’s leading pension funds. This property in Copenhagen is a significant move forward for LifeX. LifeX will be an integral part of the design of the property in order to meet their specifications for coliving and sustainability, among other factors. This will be LifeX’s largest single property to date, and their first property purpose built. This is a multi-year project and LifeX looks forward to sharing more details as the project gets closer to completion.

Sune Theodorsen, LifeX’s CEO, is enthusiastic about these partnerships and projects, “We’ve been focusing hard on developing our concept and our scaling strategy, so we’re excited about these opportunities. LifeX has grown a lot in the past four years, and these partnerships represent a new chapter for us that will increase our growth and help us meet the increasing demand for coliving.” LifeX will be leveraging their technology, experience, and partnerships as they continue to scale.

Another factor driving LifeX’s growth is its previous funding round. LifeX raised six million euros in April 2020 from Founders, a Copenhagen-based startup studio, and Vækstfonden, a Danish Investment fund. The funds were raised to strengthen LifeX’s presence in existing and new markets, fuel product development, and accelerate its expansion. Over the last year, the funds have allowed them to do exactly that; the expansion to Brussels is LifeX’s first new market entry since the Corona pandemic.

Though the pandemic continues, this proptech startup is ready for considered expansion, armed with last year’s learnings to navigate. It may seem counterintuitive to those outside of the coliving industry, but for LifeX the timing is right for thoughtful expansion. “The Corona pandemic has provided significant amounts of data, sparking difficult conversations about topics like loneliness, the importance of community, and sustainability. We have seen our community come together in a meaningful way over the past year. Though there have been challenges, everything I’ve seen from our team and our members has strengthened my belief in the concept of coliving.” said Sune. This feeling is also backed by numbers, in a recent survey by their community team, 90% of respondent LifeX members agreed that coliving has made the challenges of lockdowns easier.

LifeX operates over 70 properties with their family-style coliving concept. They will continue to build and nurture relationships with their current real estate partners. Such as Danish company Kereby, a subsidiary of Blackstone, with whom they are opening three more family-style properties this summer. As the coliving industry and the company continue to grow, they will adapt to the changing demands of society, and their members. LifeX will continue to offer their family-style coliving model and in the coming years, will also begin to offer a wider range of coliving models. With their focus shifting more towards larger block-style buildings, offering coliving apartments of different sizes and styles. LifeX’s partnerships with leading property development companies set an example for the coliving company’s future ambitions. These new partnerships will further their mission to “make anyone feel at home, anywhere in the world.”

About LifeX

LifeX is a pan-European network of beautiful coliving homes for young professionals. Enabling individuals to experience hassle-free and flexible living. LifeX makes settling into a new city much easier as it pre-packages everything one needs to quickly feel at home. From beautiful Nordic-style apartments in the best locations, to the convenience of weekly cleaning and flexible membership terms. Additionally, members have access to a thriving community of other young professionals living with LifeX.

LifeX currently operates co-living homes in Copenhagen, London, Paris, Berlin, Brussels, Munich, and Vienna, with more than 350 members from 50+ countries.

LifeX was founded in Copenhagen in June 2017 by product veterans Sune Theodorsen and Ritu Jain, both early team members of the Danish fintech success story, Tradeshift. Previously, they both served as Heads of Product at Airtame and Peakon, respectively. Lifex has 30 employees with offices in Copenhagen, Berlin, London, Vienna, and Paris.

LifeX is funded by Founders, Cherry Ventures, TriplePoint Capital, and Vækstfonden and was a winner of Copenhagen City Business Awards in 2018.

Jenna Hamilton
PR Manager at LifeX
+4553680186
LifeX