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Fast-expanding aparthotel operator Staycity Group has opened its seventh property in Dublin, giving it nearly 1,200 apartments in its home city. At the same time the company has announced a five-year £30m loan facility from OakNorth Bank, the UK bank powered by OakNorth, and further facilities if required.
Habyt is opening the doors of a newly built 3,310 sqm co-living building with 108 units in Frankfurt-Ostend. The company operates the entire building, providing a 360-degree service to its residents.
The Leyendecker Group, based in the Main metropolis, is expanding its own portfolio and acquiring a Stayery property with 139 serviced flats (3,600 m²) from the Schütt Group as part of a share deal that opened in March.
Catella Wohnen Europa (CWE), the German public open-ended real estate fund, has acquired 342 affordable apartments extending over 16,400 sqm in four energy-efficient buildings in Berlin-Pankow from a Hamburg-based family office.
777 Capital Partners AG is taking over the asset management of a modern serviced apartment property in Rosenheimer Strasse and has once again brought the Numa Group on board as a partner. The internationally active group will operate the property in the future.
Union Investment has acquired the Kontorhaus am Wall property in Bremen’s historic old town. The project was recently completed and comprises 86 serviced apartments. These furnished apartments have cooking facilities for self-catering and are designed for longer stays of up to six months. The acquisition is being made on beha...
Dublin-based aparthotel operator Staycity Group is poised to open its sixth aparthotel property in France, in the Parisian business area of La Défense.
KanAm Grund Group's development activities continue to make progress with the leasing of the project in Gutleutstrasse in Frankfurt am Main to Maseven Management GmbH. This is the second large-scale letting within a few months, following the successful letting of the entire Levelingstrasse project in Munich to Orbis Apartment...
CBRE Investment Management, on behalf of a separate account mandate, has acquired a 6,214 sqm serviced apartment building in Antwerp, from Silex Group.
According to Savills, based on what is under construction and with final planning, the supply of serviced apartment stock across Europe is set to accelerate, with supply forecast to expand by 21.2% over the next three years.
Staycity has undertaken a major refurbishment of its Gare de l’Est property in Paris, giving all 50 apartments and guest areas a state-of-the art, contemporary facelift.
The Munich-Levelingstrasse project is now fully rented. With its Nena Apartments brand, Orbis Apartments GmbH from Berlin will take the almost 5,000 m² of the serviced apartment building to be built in the Berg am Laim district near the “Die Macherei” development after completion.
Visionapartments continues its' expansion course. This year, the company purchased the Ramada Hotel in Bucharest with 111 rooms and opened Visionapartments Basel with 127 studios in July 2021. The most recent acquisitions are two buildings with 82 apartments in the centre of Geneva: The former Ibis Styles Genève Mont Blanc an...
Accor had signed a management agreement with ASIC, a joint-venture between Ion Catutoiu, a developer acting in different industries, and Andrei Stanciu, the CEO of Somet Group, a well-known construction company, for an extended stay hotel with 150 units under Novotel Living brand, the first hotel of its type to be opened in E...