|By PR Newswire||
|August 15, 2014 02:12 PM EDT||
LONDON, August 15, 2014 /PRNewswire/ --
Urban Stay is to expand its operations in London - a recent investment has enabled this young company to invest in a further four central City properties and will be hiring new staff shortly.
Currently seeking additional investment in order to capitalise on this remarkable momentum, the firm is hoping to find a central London office in addition to further property acquisition.
Mr James Swift, Urban Stay's co-founder and Managing Director said today: "The London property market has recovered almost completely since the 2008 downturn. Now we're seeing new properties available in the market and Urban Stay is excited to acquire more in our key City locations. We are actively seeking further investment in order to accelerate our already impressive portfolio growth, with ROI higher than any traditional purchase as our serviced apartment operating model is proven to achieve much higher returns than any other form of letting.
Urban Stay, which has its headquarters in London, was founded only this year. Following European and American investment, the young company expanded quickly into the corporate serviced apartment market with a number of enviably located flats in the Liverpool Street station area on Bishopsgate. The company experienced monthly turnover surpassing £30,000 in only its second month, and is on track to double that this month. The first year's annual revenue of the company is expected to already surpass £1 million.
For further information please contact:
Urban Stay Limited
e. [email protected]
SOURCE Urban Stay Limited
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