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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...
Cycas Hospitality has boosted its presence in the Benelux market with the opening of two extended-stay properties in two neighbouring countries with two global hotel groups.
Grosvenor Britain & Ireland announces that Edyn has signed to develop a new site at Liverpool One, further diversifying the destination’s offering, while adding to the accommodation group’s expanding portfolio of extended stay sites across the UK and Europe. Savills acted for Liverpool One. Edyn dealt directly.
DIC Asset AG sold Riverpark, a development project in direct riverside location in downtown Frankfurt, through its subsidiary GEG German Estate Group GmbH on behalf of an individual mandate today. According to initial information, the buyer is developer Groß & Partner. The transfer of possession, benefits and burdens is sched...
Bonava has signed an agreement with the property company K2A Knaust & Andersson Fastigheter AB (publ) regarding the sale of a rental housing project in Umeå. The project comprises 83 Nordic Swan ecolabelled rental apartments across a total lettable area of approximately 3,850 square metres. The transaction amounts to SEK 158 ...
The Radisson Hotel Group announces the opening of its first serviced apartment property and eighth operating hotel in the Dutch capital of Amsterdam. The 227 all-suite aparthotel Radisson Hotel & Suites Amsterdam South offers the perfect base for families and long-stay visitors. Nestled amidst a maze of canals in a leafy neig...
Visionapartments has acquired the former Ramada Bucharest Majestic Hotel, making the company one of the major players in the Romanian real estate market. This outstanding property with 111 rooms is located on Calea Victoriei, one of Bucharest’s oldest historic streets.
Room2, the world’s first hometel brand, has completed the sale and leaseback of its flagship offering, room2 Southampton, to a fund managed by Aberdeen Standard Investments. The disposal price of c. £10 million reflects a prime net initial yield of 4.98% with a 30 year indexed linked lease in place. The hometel concept, a sub...