Jastar Capital’s acquisition of the Native Bankside luxury aparthotel signifies a strategic expansion within the burgeoning aparthotel sector.
- The purchase, advised by Watson Farley & Williams (WFW), exceeds £40 million, establishing Jastar Capital’s notable presence in London.
- Native Bankside, with historical roots as a Victorian tea warehouse, has transformed into a contemporary 75-bedroom, 4-star aparthotel.
- The aparthotel will continue operations under Native Group’s management, reflecting their substantial footprint in the UK market.
- Jastar Capital’s extensive experience in hospitality, coupled with adept asset management, aligns with this investment, promising growth and innovation.
Jastar Capital’s acquisition of the Native Bankside, overseen by Watson Farley & Williams (WFW), marks an important milestone in the company’s strategic growth within the aparthotel industry. With an investment surpassing £40 million, this purchase not only demonstrates Jastar Capital’s financial commitment but also their long-term vision in enhancing their hospitality portfolio within London—a pivotal market in the UK.
Native Bankside, located near the iconic Borough Market and London Bridge, is an exemplary fusion of historical architecture and modern hospitality. Formerly a Victorian tea warehouse, the property has been meticulously developed into a 75-room, 4-star aparthotel that offers a unique blend of historical charm and contemporary amenities. This conversion is indicative of the dynamic evolution of the aparthotel sector, which is increasingly popular for its homelike living experiences and cost-effective options for extended stays.
Under the continued management of Native Group, one of the UK’s leading aparthotel operators with locations in major cities including London, Manchester, Edinburgh, and Glasgow, the Native Bankside is set to thrive within this competitive space. This collaboration promises to leverage Native Group’s extensive operational expertise to maintain high service standards and customer satisfaction, crucial elements in the hospitality industry.
Jastar Capital, a family-owned business with over 35 years of experience, specialises in active asset management and value-add opportunities across the hospitality, leisure, and property sectors. Their investment in Native Bankside reflects a calculated move to harness growth in the aparthotel market, capitalising on shifting consumer preferences towards more personalised and flexible accommodation options.
The acquisition of Native Bankside by Jastar Capital exemplifies a forward-thinking approach to growth in the evolving hospitality landscape.
