Serviced apartments grow investor appeal

Serviced apartments grow investor appeal
By admin


Accounting and financial advisory firm Crowne Horwath Property has acquired serviced apartment property Quest Albury on behalf of a syndicate of investors as the sector continues to gather momentum.

The deal represents Crowne's first move into the accommodation sector, demonstrating a growing trend for investors to seek opportunities beyond traditional commercial, industrial and retail sectors, according to Quest chairman Paul Constantinou.

"During uncertain financial times, investors are turning away from traditional assets, preferring instead to safeguard their financial future by investing in assets that they can see and understand," he said.

"As an emerging asset class, an investment in a Quest property provides predictable returns, fixed rental income, the security of a long-term lease and no management fees."

The transaction is the result of a search for "stable cash generating and capital growth property investment opportunities", Crowne Horwath Property senior manager, Julie Perry, said.

“We have found that our clients are becoming more astute to the various opportunities in the market. When we provided them with an opportunity to invest in a strong performing but diverse asset style property, the response was overwhelming."

"The interest has also reinforced the local community support for local investment,” She added.

Latest News

  • Aviation

Low-cost Indian carrier SpiceJet continues to burn cash

It’s not just low-cost Australian carriers that are facing hardship. SpiceJet, India’s version of Bonza, recently announced a 72 per cent reduction in its net loss versus last year. But, despite this improvement, the airline has posted losses for six straight years. But it has secured board approval to raise up to INR 30 billion […]

  • Attractions

SAKA Museum recognised in TIME magazine’s World’s Greatest Places 2024

AYANA Resort Bali’s newly-opened cultural and events centre, SAKA Museum has been recognised in TIME magazine’s World’s Greatest Places list for 2024. Part of AYANA Bali’s resort destination, the museum integrates Bali’s rich history with state-of-the-art facilities, making it the centrepiece for the island’s spiritual and cultural heritage. TIME magazine’s inclusion of SAKA Museum in […]

  • Cruise

Silversea taps Barbara Biffi as senior vice president for global sales

Ultra-luxury and expedition cruise travel brand, Silverseas, has announced Barbara Biffi as its new senior vice president of global sales. Biffi joined the company in 2007, holding numerous positions and gaining a deep understanding of the brand, the preferences of its guests and its strategic goals, the company said. An Italian national with a wealth […]

  • Technology
  • Travel Agents

Amadeus welcomes FCM Travel as new reseller partner of Cytric Easy

Cytric Easy, the travel management tool embedded in Microsoft Teams, is to be integrated into FCM Travel portfolio. Amadeus and FCM Travel have extended their Cytric distribution agreement to include Cytric Easy. With this new agreement, global travel management company FCM Travel, becomes a reseller of the innovative travel management collaboration solution embedded into Microsoft […]