The Collective, the co-living company with ambitions to build a 100,000-unit portfolio, is in line to be broken up by its lenders after falling into administration because it could not meet its liabilities. The London-based company with a transatlantic portfolio collapsed into the UK equivalent of Chapter 11 bankruptcy last week when reduced occupancy caused it to fall short of the income needed to meet debt it took on to fuel a rapid expansion just before the coronavirus pandemic. Now lenders to the company are likely to sell off a big chunk of The Collective's London and New York assets piecemeal as they take control of part of its portfolio in the coming weeks. 
It is one of the largest real estate companies in the UK to go to the wall since the onset of Covid-19, and its administration marks a dramatic downturn for the organisation that pioneered the co-living concept and hoped to take it mainstream.Administrators from Read the full story here. | 
