Germany: NUMA Group, a technology develop and operator of digitised boutique apartments in Europe, is continuing its growth strategy by increasing its managed portfolio to over €1.5 billion in value.
In 2023, the group has accelerated its growth strategy in Europe by expanding its presence in core markets such as Germany, Italy and Spain with select acquisitions. In addition, NUMA has entered strategic new markets in the last 12 months, including Norway, Portugal, Belgium, Czechia and Switzerland.
With its portfolio, NUMA Group says that it is focusing on “cityscape-defining, iconic buildings and properties in prime locations in European tourist hotspots”.
NUMA Group CEO Christian Gaiser said: “NUMA, with its high-tech concept, offers a professional investment solution for the fragmented European hospitality market, especially with regard to owner-operated properties. We have consistently expanded the NUMA brand into prime locations in new markets in recent months and remain highly optimistic for the remainder of the year, even in the current market environment.
“We are planning massive expansions in our existing markets and will also expand NUMA’s presence in France, the UK, Ireland and the Nordic countries,” he added.
Dimitri Chandogin, president of NUMA Group, said: “The pace of the institutionalisation of the boutique apartment segment continues to accelerate. In contrast to the traditional hotel and serviced apartment industry, the digital NUMA concept is significantly more resilient to macroeconomic shocks.
“Over the past few challenging years, we have repeatedly proved that we can quickly react to different market situations. This makes our business model very attractive, especially for professional investors,” he added.
The Berlin-based company currently operates more than 4,500 units in European A-cities, including Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna.