London, 7 November, 2024: Ando Living Group, founded in 2015, is a serviced apartment hospitality operator and market leader in Portugal, with operations in Istanbul, Turkey and recently in Madrid, Spain.

The group propels its international expansion into the UK with the acquisition of City Apartments, a London-based serviced apartment operator. The transaction includes the acquisition of a freehold building with 32 units located on 68 Cannon Street, financed by Prima Europe Fund, an investment fund regulated by the market authorities of Portugal.

Clients can expect 'business as usual' along with exciting improvements in the coming months. City Apartments retains everything clients value, with continued leadership from CEO Matthew Cookson, COO Mark Winter, their team of 35 experts, with the addition of Ando Living Group’s expertise in technology, design and branding, enhancing operations and guest experience. The brand will be revitalised, further solidifying its strong reputation.

“We are delighted to be joining the Ando Living Group. This is undoubtedly a very exciting evolution for City Apartments, our wonderful team, and our valued corporate clients, who will directly benefit from the investment Ando Living Group plans for our apartments, along with plans to further grow our portfolio of buildings,” comments Matt Cookson, CEO of City Apartments.

“We are thrilled to welcome and integrate the City Apartments team to Ando Living Group. With this acquisition we establish a powerful presence in the UK for our group. We are confident that our expertise and track record in the hospitality sector, combined with City Apartments’ knowhow will drive success for both brands”, added Charles Wanecq, co-founder of Ando Living Group.

This strategic acquisition marks a significant acceleration in Ando Living Group's international expansion. The group aims to expand to 6,000 apartments by 2028, becoming a leading premium hospitality group in Europe.