Serviced Apartments

Siemens and the State of Berlin invited 18 architecture firms and urban planning teams to participate in the competition to redesign Siemensstadt (“Siemens City”), the company’s historic location in Berlin. After two days evaluating their proposals, the high-caliber jury has now reached a decision: “Siemensstadt 2.0 will be i...

Richmond & Hampshire has sold The Elvetham Hotel, to Jastar Capital Ltd (Jastar). The deal included the simplifying of a complex group structure as well as the drafting and negotiation of a sale and purchase agreement for the entire issued share capital of Richmond & Hampshire.

The Student Hotel (TSH) has secured €82 million for its two new hotel projects in Paris and Toulouse through an innovative ESG financing structure from Crédit Agricole CIB. The funding combines the characteristics of a green loan with a sustainability-linked loan, which the French bank is applying to a structured credit line ...

The KanAm German Development Fund and Pantera have joined forces for the fourth time in this serviced apartments project development. 162 accommodation units for business guests and tourists will be created in Rostock by mid-2021 directly on the banks of the Warnow. The site is situated at An der Kesselschmiede, in the north ...

Bouwinvest’s annual Dutch real estate market outlook 2020–2022 reveals that real estate is nearing market peak and investors are widening their search to emerging segments and secondary cities in their hunt for yield. Niche investment sectors such as student housing, healthcare and hotels are emerging as attractive alternativ...

Hero Enterprise of India, which represents the business interests of its founder, Sunil Kant Munjal, and his family, has formed a £500 million joint venture with Catalyst Capital.

Change in Karlshorst: IC Immobilien Gruppe has been engaged to carry out commercial, technical and financial property management for a serviced apartment building in Berlin-Karlshorst, which was previously in the hands of DIM Deutsche Immobilien Management. The building belongs to a special real estate fund of HanseMerkur Gru...

Last week International Campus celebrated the ground-breaking of its new boarding house at Landwehrstraße 75 in Munich with around 60 guests. A total of 157 apartments with a central entrance area and a green inner courtyard are expected to be built by the beginning of 2020 in the Ludwigsvorstadt-Isarvorstadt district near th...

Mansley Group has concluded the purchase of Braid Apartments, a 20 serviced apartment building at 27 Thistle Street, in Edinburgh’s “Golden Rectangle” for an undisclosed sum. The company acquired the property and on-going trading interests from Edinburgh operator Fountain Court Apartments. This is the group's third acquisitio...

On June 27th 2018, Home Invest Belgium has signed an agreement (under conditions precedent) for the takeover of the company BE Real Estate S.A., owner of four apart-hotel buildings in Brussels. Apart-hotels propose the rental of furnished apartments combined with the services of a hotel (reception, cleaning, laundry, etc.). ...

Kom Hotel will be running a four-star hotel which offers hotel rooms as well as smaller apartments with kitchenettes, long-stay accommodation, co-working space and a restaurant in Hagahuset in Solna. They are signing a 15-year lease for the entire building, which is equivalent to 7,000 sq metres. The estimated date of entry i...

Germany expects a record year for completions, greater interest from international investors and positive market sentiment, with a transaction volume of approximately €235 million in 2018. The serviced apartments market has been fed by widespread investor demand in recent years, and transaction volumes have increased accordin...

Eyemaxx Real Estate AG has secured an attractive project to build a total of 157 Serviced Apartments in Essen. The company hence executes the market entry into this high growth segment of the commercial real estate market, in conformity with its strategy, with a project which boasts a return on equity (IRR) in the upper doubl...

The follow-up project is in the pipeline: Pegasus Capital Partners, together with developer Stonehill, is planning another apartment building in Vienna on a plot of ​​12,000 sqm. It will comprise around 190 units and is located on Dresdner Strasse. The planning application has already been submitted in the middle of January a...

GEG German Estate Group AG has provided further details concerning its Riverpark Tower project development, taking further decisions for realisation. For instance, celebrated architect Ole Scheeren will not only be responsible for the tower building's overall design, but will also oversee its interior design – comprising the ...

Brookfield Property Partners has exchanged contracts to acquire Oaktree Capital Management's serviced apartment business SACO for £430m (€485m). The US asset manager placed the business under offer in October last year, and fought off competition from other investors – including Mapletree and Invesco on behalf of its new Euro...

Novum Hospitality and Merkur Development Holding GmbH have started construction work on a third „Niu“ hotel in the Fasanenhof district (Vor dem Lauch 16) of Stuttgart. 144 hotel rooms and 110 serviced apartments, with a total BGF (≈GEA) of around 10,500 sq m, are to be constructed. Completion is scheduled for autumn 2019. The...

Native Land, along with joint venture partners Hotel Properties Limited (HPL) and Amcorp Properties Berhad (Armcorp), has appointed Bruton of Sloane Street to manage its new Mayfair W1 development, Burlington Gate.