Field notes for serviced living, workspaces, and life on the move.
654 notes
US real estate private equity firm AEW has reportedly sold a 14-storey serviced apartment building in Hong Kong's prime Central district for HK$240 million (approximately $30.66 million). The property, formerly known as The Mood Hotel, was acquired by AEW in 2015 and subsequently refurbished into th…
Serviced office operators across the UK are sounding the alarm over recent changes to business rates, warning that thousands of small businesses could be pushed to the brink. The Valuation Office Agency (VOA) has begun treating flexible workspaces as single properties for rating purposes, a move ope…
Flexible workspace provider IWG is strategically navigating market shifts by announcing its withdrawal from Russia due to the ongoing conflict in Ukraine, while simultaneously expanding its presence in Hong Kong by taking over space previously occupied by rival WeWork. This dual approach highlights …
Emperor Entertainment Hotel, the hospitality arm of Emperor Group, has agreed to sell its 57-unit serviced apartment block, The Unit Davis, in Hong Kong's Kennedy Town for HK$275 million (approximately $35.4 million). This sale comes after a significant 44% drop in the property's valuation since its…
Flexible workspace giant IWG is making strategic moves on the global stage, taking over former WeWork premises in Hong Kong while simultaneously announcing its withdrawal from the Russian market. These decisions reflect the evolving landscape of the commercial real estate sector and geopolitical inf…
Emperor Entertainment Hotel, the hospitality arm of Emperor Group, has agreed to sell its 57-unit serviced apartment block, The Unit Davis, in Hong Kong's Kennedy Town for HK$275 million (approximately $35.4 million). This sale comes as the property's valuation has seen a significant decline of near…
Belfast's premier serviced office provider, venYou, is celebrating 15 years of significant growth and client success. Since its inception in 2010 at the iconic Scottish Provident Building, venYou has established itself as a leader in premium, flexible workspace solutions. The company has expanded it…
Hong Kong's hotel industry is undergoing a significant transformation as many establishments, particularly those previously used for quarantine, are now offering long-stay options. This strategic shift is a direct response to the decline in traditional tourism and business travel, forcing hotels to …
Commercial property firm HFD is significantly expanding its Ospa serviced office brand with the recent acquisition of Mercury House at Strathclyde Business Park. This strategic move, involving a multi-million-pound deal with LondonMetric, underscores HFD's commitment to providing flexible, all-inclu…
Hong Kong's rental residential market is seeing significant expansion as Weave Living, a Warburg Pincus-backed operator, aggressively grows its portfolio. The company is actively acquiring existing apartment buildings and hotels, alongside converting properties, to meet the rising demand for diverse…
Commercial property firm HFD is significantly expanding its Ospa serviced office brand with the acquisition of Mercury House at Strathclyde Business Park. This move underscores HFD's commitment to providing flexible, all-inclusive office solutions in the Scottish market. Key Takeaways HFD has acquir…
Dash Living, a prominent player in the co-living sector, is significantly expanding its footprint in Hong Kong. The company has announced plans to take over the management of Travelodge Central on Hollywood Road, which will be rebranded as Dash Living on Hollywood. This strategic move is set to add …