The Collective, the global co-living pioneer with operational sites in London and New York City, is entering the German housing market with a focus on developments located in seven major cities. Directors Bjorn Munte and Niels Berl will oversee the company’s Berlin offices, which will be responsible for realising The Collective’s co-living projects in Germany, comprising the revitalisation of characterful existing properties as well as newly developed concepts. Niels Berl will be responsible for investment, having previously served as an associate director for the German market at Terra Firma Capital Partners, while Bjorn Munte will lead on development, leveraging his extensive experience in the development of major projects at Cresco Capital Group and the Acrest Property Group.
Bjorn Munte, Director, The Collective, commented: “The demand for co-living – a flexible, community-oriented approach to housing – is exponentially increasing worldwide, in particular amongst urban-based individuals in a transformational stage of life. The Collective responds to this with an offer that comprises bespoke rooms on flexible leases, design-led shared spaces, one-of-a-kind amenities and thoughtfully programmed events intended to bring our members together. We plan to develop and manage several thousand co-living units in major German cities in the coming years, which we hope will achieve the same popularity amongst members as the sites already flourishing in London.”
Niels Berl, Director, The Collective, explained: “We are looking for unique sites in the largest German cities and are open for cooperation with development partners. For each development in Germany, we will take a site-specific approach that prioritises a strong local focus. Our ambition is to create spaces that are an active part of the community and neighbourhoods, and it is our firm belief that The Collective will be most successful by thinking and acting economically, environmentally and socially in equal measure.”