A real estate investment trust set up to invest in co-living developments has paused its planned flotation due to the crisis in Ukraine.

Fund manager Gravis Capital Management set up GCP Co-Living to initially buy three large co-living developments previously held by The Collective, which went into administration last year. Two of the developments are operational. Altogether the assets consist of 1,583 homes, which GCP says make up 90% of all co-living units in London.