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BridgeStreet Worldwide Announces Affiliation with Young Group
Exciting New Property Featuring Serviced Apartments Opening in Canada Water - London
Tuesday, April 01, 2008
London - BridgeStreet Worldwide, is pleased to announce its recent deal with property portfolio managers, Young Group, for The Water Gardens apartments. As a leading international provider of serviced apartments, BridgeStreet is expanding its United Kingdom (UK) property portfolio of over 1,000 apartments to include this additional offering in the in the heart of the Docklands area.

Set in a tranquil landscaped garden, The Water Gardens is a brand new development comprising contemporary one- and two-bedroom apartments located in thriving Canada Water. The area offers plenty of open spaces and an excellent choice of shops at Surrey Quays Shopping Centre, with easy access to vibrant Canary Wharf, now recognised as the world’s premier financial centre.

"We are excited to teaming up with Young Group as serviced apartment operators for The Water Gardens" said Stephen Hanton, BridgeStreet Worldwide’s chief operating officer and managing director of Europe, Middle East and Africa. "We have seen an increase in demand from our customer base for this area of the city as serviced apartments have become widely recognised as a cost effective and comfortable accommodation choice."

"We are delighted to have entered into an agreement with BridgeStreet Worldwide," said Neil Young, chief executive officer of Young Group. "As a world-renowned serviced apartment operator, BridgeStreet has an unrivaled reputation for maximizing yield and enhancing asset value. This made them an irresistible choice for this development, as we were able to offer our clients, who had invested in property at The Water Gardens, the chance to benefit from high quality tenants as soon as the apartments completed. We will continue to look for additional opportunities to partner with BridgeStreet."

BridgeStreet’s vice president of development for EMEA, Max Thorne, added, "There is no respite in the demand for serviced apartments throughout the UK. Our expertise as operators enables investors to benefit from this growth. We hope this will be the first of many projects whereby Young Group and BridgeStreet Worldwide can continue to partner"

BridgeStreet Worldwide is a leading international provider of serviced apartments. BridgeStreet and its Global Alliance Partners offer over 15,000 serviced apartments located throughout the United States and 50 cities internationally. An award winner both in the U.S. and Europe, BridgeStreet properties meet uncompromising standards of quality, comfort and service. For more information about the company or to learn more about how BridgeStreet is Making Serviced Apartments Easy, visit www.bridgestreet.co.uk or call +44 (0) 20 7792 2222.