Aparthotel brand Native and mixed-use developer First Base have formed a partnership to develop a portfolio of aparthotel units across the UK.
The portfolio will result from an investment of up to £400 million split equally over the remainder of 2018 and 2019. It will comprise aparthotels or mixed-use properties, with a focus on the areas around London, Oxford, Cambridge, Bristol and Edinburgh.
Other target cities include Brighton, Reading, Manchester, York and Dublin.
First Base will lead on the design, planning and construction of the sites.
Archie Hunter, development director of Native, said: “This partnership clearly demonstrates our commitment to standout aparthotel developments across the UK, at a time when the sector is set for significant expansion. With 20 years of experience behind us, we have established the Native brand as synonymous with outstanding service, creative design and operational efficiency. Our expansion will enable us to take our unique proposition to a greater range of key UK cities, addressing a significant gap in the market.”
Barry Jessup, director of First Base, said: “First Base and Native are kindred spirits in our appreciation of good design, and our belief in the fundamental strength of Britain’s regional cities and towns. Demand far out-strips supply for aparthotels in these locations, and we see homestay living playing an important role in the revitalisation of town centres. We will begin work on these developments as soon as we have secured the sites and planning consent, such is the demand.”