The Collective has announced that the London Legacy Development Corporation has resolved to grant planning permission for its next major co-living scheme in London.

The 250-room, 19-storey development in Stratford will comprise co-living apartments and access to a range of amenity spaces including: communal kitchens, a gym, sauna, library, cinema room, outdoor hot tub, roof terraces, external gallery space and a ‘Hackney Wick-inspired’ ground floor terrace and food market overlooking the Channelsea River, which The Collective has committed to clean up, landscape and maintain. The community-driven residential concept will also house a co-working space.

Reza Merchant, CEO of The Collective, said: “We’re excited to expand our pioneering large-scale co-living concept to a second London location. London is at the forefront of the global co-living revolution, a true market-leader, with significant demand for this new way of living.  Co-living offers community-centric experiences and access to an enviable range of spaces and curated events you simply wouldn’t get in a standard flatshare.”

The development is at the heart of an ambitious £9bn government-backed regeneration of the area and is a four-minute walk to Stratford Station, with Crossrail arriving from 2019.