Reading Time: 2 minutes UK: Bricks Group and Tristan Capital Partners have created joint venture, with aims to manage £750 million of PBSA assets. Under the terms of the partnership, Bricks Group sold £400 million of assets to the JV. The joint venture unites Bricks Group with Tristan Capital Partners’ Curzon Property Partners Long-Life
Reading Time: < 1 minute Vietnam: Rates for Hanoi serviced apartments have reached a three-year low.
Reading Time: 2 minutes UK: Serviced apartments are expected to be less affected by the staffing crisis facing the UK hospitality industry than hotels, according to the latest ASAP/Savills operator survey. More than 70 per cent (73.9 per cent) of serviced apartment respondents stated that they are expecting to experience a shortage in staff
Reading Time: < 1 minute UK: Coldeast Mansion in Sarisbury Green, Hampshire is to reopen after being bought out of administration.
Reading Time: < 1 minute UK: Singaporean investor Mapletree Investments his set to purchase four Vita Student residences from Vita Group for more than £165 million.
Reading Time: 2 minutes UK: Developer Groveworld secured a resolution to grant planning permission from Camden Council to create new homes, office space and an aparthotel at 330 Gray’s Inn Road – the former home of the Royal Throat, Nose and Ear Hospital.
Reading Time: 2 minutes UK: Optimism in the UK serviced apartment sector is at its highest since the Covid-19 pandemic broke out, according to the latest ASAP/Savills sentiment survey.
Commercial agents Alder King Gloucester GL3 4AA, United Kingdom. Tel: 0044 1452 623 290 Website: https://www.alderking.com/ Ashley Tate Bedford, MK44 3WF, United Kingdom. Tel: 0044 1234 831999 Website: http://www.ashleytate.co.uk Bettesworths Torquay TQ1 1BB, United Kingdom. Tel: 0044 1803 212021 Website: https://www.bettesworths.co.uk/ Blacks Business Brokers Limited Bury BL9 0DZ, United Kingdom. Tel: 0044 161
Reading Time: 2 minutes Denmark: Europa Capital has announced its plan for a joint venture to transform a former hospital building into a later living housing development.
Reading Time: < 1 minute US: Savills has represented Bethany Boardwalk Group and Bethany Beach Ocean Inn, in the sale of the 112-room Bethany Beach Ocean Suites Residence Inn.