The MRP Group are pleased to announce the release of Maiden House in Maidenhead to the market. Maiden House is a converted office building with serviced apartment accommodation in the prominent business area of Maidenhead, in a short distance of the town centre and the new CrossRail station. The accommodation has the opportunity for 46 units comprising of studios and one beds, with a larger average size of 55.3 sq m, per apartment and comes with C1 hotel use.
Maidenhead has received significant investment and interest from both local and international companies, driven by its location to London, lower rent and highly skilled workforce. The need for high-quality accommodation has been motivated by the influx of main offices located in Maidenhead. Additionally, investors are choosing beds over desks according to NatWest’s Real Estate Digest, emphasising the growth in this market. A key factor in Maidenhead’s regeneration is the new CrossRail terminal which will open the market town to new business opportunities.
The current owners acquired Maiden House from Standard Life Investments and is a prime opportunity for operators and developers to assert themselves into a growing market. Maidenhead currently has three serviced apartment sites, and with growing demand, there is a chance for operators to expand their portfolio into a popular location.
Max Thorne, The MRP Group’s CEO, said: “We are delighted to bring another property to the market. Maiden House is a fantastic opportunity for operators, in a town that has established itself as a major location for business. There is a high demand for serviced accommodation in Maidenhead, with the new CrossRail terminal and headquarters of prominent companies deciding to relocate outside of London. Maidenhead is an attractive location and we look forward to the next step in the transaction of this property.”
The MRP Group was founded in 2013 by Max Thorne after identifying a gap in the sector. The MRP Group is a leading consultant to the extended-stay market focusing on Serviced Apartments and Aparthotels. The group focuses and has extensive experience in advising, structuring, and transacting business agreements in the Serviced Apartment and Aparthotels industry. The firm has extensive property development experience in the UK, Europe, Middle East and Asia. Since its conception, The MRP Group have been nominated for the Industry Breakthrough and Innovation award at the ASAP Awards. This year they were nominated for Best Service Provider and Rising Star at the Serviced Apartment Awards.
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