Finding suitable housing in Luxembourg is a notoriously time-consuming and stressful task. The Luxembourg-based PropTech Cocoonut wants to help people in this process by providing them with a space which combines interior design, social outlets and none of the administrative work of short-term rentals.
Photo: Cocoonut’s founders / Image Credits: Kaori Anne Jolliffe
Founded in 2020 by Nicolas Legay and Aurélien Dobbels, Cocoonut is an up-and-coming PropTech startup which offers a new coliving solution that aims to simplify the lives of people looking for long-term housing.
A combination of ‘coconut’ and ‘cocoon’, the startup’s name is reflective of its migratory clients for whom they want to create a safe living space.
Cocoonut aims to facilitate expats and immigrants’ integration into a new country by providing them with a temporary housing solution which connects them with a likeminded community, takes care of administrative tasks and gives them a beautifully designed and fully furnished space.
“Our coliving solution offers a high-quality service which sets itself apart from the old coliving model,” says Nicolas Legay.
What distinguishes Cocoonut from its competition is its emphasis on private and public spaces. Indeed, while all their rooms offer a private bathroom, a toilet, a dressing, and an office, they also offer shared spaces where tenants can mingle and connect. These always include a kitchen and a living room and can include a rooftop, a gym or a projection room.
“We expect some visibility from local decision-makers who might have a long-term interest in our solution.”
A Changing Market
Founded barely a year ago, Cocoonut is still in its early stages of growth. While Coconuut currently only offers a handful of coliving spaces – which were booked out in less than 48 hours after their launch – by March 2022 the founders expect to have 50 rooms ready to accommodate new tenants.
In a housing market as saturated as Luxembourg’s, the demand for alternative solutions is clearly present. Furthermore, with research showing that expats often take up to 6 months to find a housing solution which fits their needs, Cocoonut is well-adapted to market needs.
Indeed, with a minimum rental period of 6 months and the option to extend, Cocoonut gives their tenants ample time to settle in their temporary home, build new relationships and work on finding long-term housing.
#hackinthionville ce n’est pas qu’une compétition. Nos jeunes créatifs du territoire inventent aussi le centre-ville de demain ! @VilleThionville @regiongrandest @FrenchTechEast_ @CaissEpargneGEE #innobullus https://t.co/sx0POpvZhg
— Florence Christmann (@florence2118) November 3, 2021
Hack In Thionville
Eager to grow and learn, Cocoonut is participating in this year’s Hack In Thionville. With the first edition of this hackathon aiming to find innovative solution for the city centre of tomorrow, Cocoonut brings some a fresh perspective on the future of flexible housing.
“We believe that creating hybrid, flexible, well-designed buildings in the city centre which are also close to transport links will attract new residents and revitalise the increasingly neglected city centre,” says co-founder Aurélien Dobbels.
Cocoonut’s co-founder are ambitious and know what they want. With a game plan already in mind, there is little doubt that they will find a way to stand out and make themselves heard.
“We hope to meet people who are as motivated as we are and who want to make a difference. We also expect some visibility from local decision-makers who might have a long-term interest in our solution,” says Aurélien.