Service apartment operator Go Native is to take over the interim management today (1 September) of four properties in London following the administration of their freehold owner.
The company has been appointed by Duff & Phelps, the administrator, to assume the operation of the sites in Earls Court, London Bridge, Bermondsey Street and Tower Bridge, which were previously managed by Think Apartments.
Think Apartments was forced to vacate the properties owned by subsidiary companies of London City Group and Holdings (LCGH), which went into administration in October 2013. LCGH is also the parent company of Think Apartments.
The additional apartments will increase Go Native's portfolio by 461 units. Established in 1997, the company until now operated more than 1,300 serviced apartments across 24 sites in London.
Guy Nixon, chief executive of Go Native, said: "This is an exciting opportunity for Go Native to consolidate its position as the leading serviced apartment operator in the UK. Over the last two years we have invested significantly in the development of a scalable platform which will enable us to comfortably absorb the additional units."