Aparthotel brand Native and developer First Base have formed a new joint venture, under which they plan to develop £400m of aparthotel units.
The joint venture will identify and secure aparthotel or mixed-use sites, and is initially focusing on London, Oxford, Cambridge, Bristol and Edinburgh.
Native - formerly known as Go Native - and First Base aim to commit £200m in 2018 and an additional £200m in 2019 with further target cities including Brighton, Reading, Manchester, York and Dublin. According to JLL’s latest serviced apartments report, the aparthotels sector saw a 13% increase in supply in the past two years
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