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UK -based The app 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 . the past six months , CEO Reza Merchant announced an £ 507 m expansion strategy taking in the UK , UK and Germany .