Starcity’s acquisition of Aviva-backed Ollie will create what is set to be one of the largest co-living developers and operators worldwide.

Co-living space provider Starcity agreed yesterday to purchase the key assets of Ollie, a US-based competitor backed by insurance group Aviva, for an undisclosed amount.

The deal includes Ollie’s technology and intellectual property as well as its business agreements in major cities. Once its assets have been combined with Starcity, the company will operate more than 1,500 units with a further 3,000 under development.

Ollie was founded in 2011 and oversees co-living housing spaces in urban centres such as New…