Serviced apartment firm makes capital buy

Serviced apartment operator Mansley has acquired its second property in Edinburgh in just over three years.

The firm has purchased Braid Apartments in Thistle Street, in the heart of the New Town, from Fountain Court Group, for an undisclosed sum.

In March 2015, Mansley bought The Knight Residence in Lauriston Street in the historic Old Town. Together with Braid, the company now has 56 serviced apartments in the city.

Chief executive Sir Richard Rowley said the 20 studio, one-bedroom and twobedroom apartments at Braid “enjoy a magnificent location amid some of the most sought after property in Scotland”.

He added: “We now have first class accommodation options in the two most popular parts of one of Europe’s most wonderful cities.”

Since acquiring The Knight Residence, Mansley has also added properties in the centres of Inverness and Cheltenham to its portfolio. Highland Apartments consist of one and two bedroom properties.