Huge co-living space is an alternative to unaffordable London
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London is in the midst of a housing crisis, with rising rents making once affordable areas of the city completely out of reach for young professionals. Hoping to provide a solution, property startup The Collective is set to launch its Old Oak property in May 2016. The 12,000 square feet of shared living space, in a converted, abandoned office building, is a huge experiment in co-living. Residents will have a private bedroom, bathroom and kitchenette, but will share many of the amenity spaces with hundreds of flatmates: the idea is to strike a balance between private space and a sense of community.
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