The European property manager has diversified its portfolio by adding over 200 corporate apartments to its 2,500 short-term rental properties – including a new launch in Birmingham.
LONDON, UK – ALTIDO, the fastest-growing property management company in Europe, has announced its move into corporate travel with the expansion of its business accommodation portfolio. It has also launched into a new UK city, Birmingham. Adding to its 2,500 short-term rental properties, the company now has over 200 corporate apartments in the UK, Italy, and Portugal.
Since being acquired in 2022 by DoveVivo – Europe's world living management platform operating in 40 destinations across Europe – ALTIDO has been on a significant growth trajectory and has over 200 corporate properties in London, Edinburgh, Milan, Lisbon, and now Birmingham.
ALTIDO is launching a new building in Birmingham’s Jewellery Quarter, a historic district renowned for its cultural and commercial activities, in collaboration with Elevate Property Group, scheduled to open at the end of February. The new 32-bed, 1,200m2, rent-to-rent building, comprises 16 one-bedroom apartments and eight two-bedroom apartments and is suitable for short, mid, and long-term stays and events. Each apartment will include a freshly re-designed self-contained kitchen, high-speed Wifi, and designated desk space.
Birmingham is the UK’s second city in terms of GDP and is also the second-largest business hub. It has attracted numerous multinationals to open offices in the city in recent years. There is strong demand there for housing solutions and strong interest from property investors in the city.
HS2, the new high-speed railway line planned for 2030 will attract more corporates to the city, cutting travel times between London and Birmingham to just 45 minutes. Birmingham’s population has grown by 7% over the past 10 years, more than England as a whole. In fact, 46% are under the age of 30 and forecasts speak of a continuous flow of young people.
Other properties in the ALTIDO corporate inventory include recently opened apartments near Battersea Power Station in London, a refurbished brewery in Edinburgh near the Royal Mile, and elegant apartments in central Milan with a shared gym and sauna.
Elevate Property Group said: "Even in a short time, ALTIDO has already impressed with their property management expertise and ambition to grow the corporate stay market in Birmingham. I'm delighted to reveal the launch of this property in the Jewellery Quarter and look forward to a successful 2023."
Davide Ravalli, Head of Growth at DoveVivo Group, said: “Business travelers are demanding more home comforts, and we’ve noticed an uptick in searches for apartments with kitchens, desks, and high-speed Wifi. Birmingham is a growing corporate accommodation market, with HS2 railway completion planned for 2030, which will attract more corporates to the city. ALTIDO is pleased to get a foothold in the UK’s second-largest city with this flexible rent-to-rent model.”
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