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 values the site at £125m ($165m). The Collective said the 546-bed residential complex, which combines micro-apartments with large communal spaces, has had a 98.6% occupancy rate for the past six months. Earlier this year, CEO Reza Merchant announced an £507m expansion strategy taking in the UK, US and Germany.