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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). In an interview with The Guardian, co-founder and CEO David Smith said that he was “thrilled” to have secured the rights for his company to develop the property. Earlier this year, CEO Reza Merchant announced an £507m expansion strategy taking in the UK, US and Germany.