2016-03-21

Evening Standard: "London's new live-work flats: 'co-living' is the capital's new property trend as shared spaces slash costs." For instance: 'The Collective', NW10


"With high living expenses and commuting hassles, young Londoners are opting for shared live-work spaces to meet like-minded people, boost productivity - and slash costs."


"A new property trend is taking hold in London — 'co-living'. While it sounds like a revival of the counterculture of anarchist collectives and hippy communes of the Sixties and Seventies, co-living is something quite different.

"It is an imaginative, modern response to high housing costs and commuting hassles, while also chiming with the green agenda and concerns about work-life balance.

"Co-living projects allow mostly young Londoners to live and work under one roof and be part of a like-minded group happy to share space, facilities and services."

"The Collective: A 323-unit development in north-west London, The Collective has been built at Old Oak amid the Park Royal industrial zone, an area earmarked for transformation into a new district with transport super-hub.

"Rents start at £225 a week and include WiFi, utility bills, council tax, concierge, 24/7 security, room cleans and linen changes. Residents will be able to make use of an on-site gym, spa, rooftop terrace, cinema and games room."


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