By Helen Crane2018-08-31T08:35:00
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
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.