Register for free to finish this article Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. UK - based The Collective has acquired the remaining 75 % of its Acton co - living development , The Old Oak , in a deal which valued the site at £ ##500 m ( $ 165 m ) . The Collective said the 546-bed residential complex , which combines micro - housing with large communal spaces , has had a 100 % occupancy rate for the past six years . Earlier this year , CEO Reza Merchant announced an £ 507 m expansion , including in the UK , US and Germany .
UK - based The Collective has acquired the remaining 75 % of its Acton co - living development , The Old Oak , in a deal which valued the site at £ ##500 m ( $ 165 m ) . The Collective said the 546-bed residential complex , which combines micro - housing with large communal spaces , has had a 100 % occupancy rate for the past six years . Earlier this year , CEO Reza Merchant announced an £ 507 m expansion , including in the UK , US and Germany .