Co-living operator The Collective considers sale

Co-living The Collective

The Collective, an operator of community-focused apartment blocks, is weighing a sale according to Bloomberg.

The company runs two sites in London and another in Long Island City, New York but has four further UK developments currently under construction that are expected to become operational over the next 6-24 months. A further site is also under construction in Brooklyn and will open in the first quarter of 2022.

Bloomberg reported that the company has appointed Credit Suisse to conduct a strategic review, the result of which could see a full or partial sale.

In May the company appointed Simon Koster as CEO with founder Reza Merchant becoming chairman. 

The Collective declined to comment for this story.