Maidenhead serviced apartment project on the market

George Sell George Sell Uploaded 16 May 2019


UK: MRP Group has announced the release of Maiden House in Maidenhead to the market.

Maiden House is a converted office building with serviced apartment accommodation, close to the town centre and the new CrossRail station. The accommodation consists of 46 units, made up of studios and one-bedroom apartments, with an average size of 55.3 sq metres per apartment and comes with C1 hotel use.

MRP says Maidenhead has received significant investment and interest from both local and international companies, driven by its proximity to London, lower rent and highly skilled workforce. The need for high-quality accommodation has been motivated by the influx of main offices located in Maidenhead. A key factor in Maidenhead's regeneration is the new CrossRail terminal which will open the market town to new business opportunities.

The current owners acquired Maiden House from Standard Life Investments and describe it as a prime opportunity for operators and developers to assert themselves in a growing market. Maidenhead currently has three serviced apartment sites, and with growing demand there is a chance for operators to expand their portfolio into a popular location.

Max Thorne, The MRP Group's CEO, said: "We are delighted to bring another property to the market. Maiden House is a fantastic opportunity for operators, in a town that has established itself as a major location for business. There is a high demand for serviced accommodation in Maidenhead, with the new CrossRail terminal and headquarters of prominent companies deciding to relocate outside of London. Maidenhead is an attractive location and we look forward to to the next step in the transaction of this property."


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