Serviced apartment sector to recover within 18 months, says Savills

The serviced apartment sector has reportedly seen optimism reach its highest level since the onset of the pandemic, according to the latest Association of Serviced Apartment Providers (ASAP)/Savills sentiment survey. The survey, which predicts recovery within six to 18 months, said 87.3% of respondents were “slightly or significantly more optimistic” about their business outlook over […]

Apartments make the grade

Serviced apartment developer Lamington Group has agreed an institutional sale and leaseback for its Southampton Room2 site, in a move that puts down a marker for the growing sector.