US investor Ares has shown confidence in the growing serviced apartment sector by acquiring a 70% stake in ASAP member Go Native, for an undisclosed sum.

Go Native currently operates around 1,750 apartments across 13 blocks in London, offering stays ranging from one night to a year, and has recently started to become involved in the letting and management of build-to-rent developments, a sector in which Ares has also been increasingly active.

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