British property firm The Collective has revealed the latest details for what's expected to become "the world's largest co-living space".

Billed as a model for the "tech-enabled future", The Collective Canary Wharf – which is scheduled to open its doors in July – will comprise 705 apartments and also function as a short-stay hotel and cultural hub.

Developed as part of the company's US$450m (€401.7m, £344.8m) investment in the increasingly lucrative microflats market, the new site is situated on London's Isle of Dogs inside a 27-storey high-rise designed by Skidmore, Owings, and Merrill (SOM).

Thomas Downes, head of The Collective's in-house design team, is in charge of the property's fit-out.

Key wellness facilities will include a sauna, spa, swimming pool, gym, aerial silks studio, and mindfulness zone.

The campus will also play host to a cinema and bar, and provide residents with a wide range of leisure offerings, such as reiki and yoga classes.

Additional live-in benefits will come from the use of Internet of Things (IoT) technology.

According to The Collective, various data-gathering devices embedded in the housing complex's interiors will "provide real-time information to assist with optimising the use of spaces and minimising energy consumption".

In a statement, Reza Merchant, The Collective's founder, said: "Our mission at The Collective is to build and activate spaces that foster human connection and enable people to lead more fulfilling lives."