Check out Vacasa's top travel predictions for the New Year: http://bit.ly/2iYiqAj
US Temporary Accommodation Giant to Launch in the UK
National Corporate Housing, one of America’s largest temporary furnished accommodation specialists, is officially launching in the UK, with a predicted circa £20m to invest on leasing properties in London over the next three years.
The multi award-winning company, which has 28 offices across the United States and delivers average occupancy rates of between 96-98 percent, against an industry average of circa 90 percent, will create a dedicated on-the-ground London team. Its focus will be on renting well-located properties from institutional landlords and PRS developers between zones one-three across the capital, with a take up of between 5-50 units per development. The company will consider purchasing its own properties in future and is interested in acquiring other firms.
The launch comes off the back of demand from National Corporate Housing’s US client base for temporary accommodation in the UK, with an enviable roster that includes everything from rapidly growing start-ups to established Fortune 100 companies. Established in 1999 by Tom Atchison, National Corporate Housing has quickly grown to become one of America’s largest providers of temporary accommodation, managing over 2,500 units and built upon delivering exceptional levels of customer service.
Tom Atchison, Chief Executive Officer of National Corporate Housing, comments: “Following demand and agreements in principle from our existing client base, the time is now right for us to make a strategic expansion into the UK, starting in London but with long term plans to spread out to key cities. We are in a unique position in that our end customer database is already in waiting, so we can focus purely on sourcing high quality units in attractive locations with good transport links.
“The capital’s property market is going through an interesting time, with an increasing dearth of institutional landlords staking their claim and the rise of Build to Rent. Occupancy rate has always been at the top of our priorities and we have a proven track record in being able to hit the crucial last five percent, generating solid and more importantly, consistent, returns for the landlords that we work with.”
To find out more, please visit www.nationalcorporatehousing.com