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Short-lets boom: US corporate eyes London expansion

One of the world’s largest ‘temporary furnished accommodation’ specialists is reported to have £20m to spend on renting property to re-let on a short term basis in London, and may be interesting in buying some individual properties as well.

National Corporate Housing Inc is based in Denver, Colorado and was founded in 1999 by hotel, housing insurance and real estate entrepreneur Tom Atchison. 

On its website it says it provides “temporary housing throughout the United States, Canada, Asia Pacific, Europe and the Gulf region” through furnished apartments, serviced apartments, rental assistance services and social housing.

Now it is said to be looking at London’s zones 1 to 3 for possible expansion.

Its US website currently lists around 100 UK properties, mostly in prime central London and Canary Wharf as well as suburbs such as Chiswick and Deptford.

There are a few Surrey properties listed as well.

If the firm expands in London it is anticipated this will concentrate on the booming short-let market.