Property business Walton Robinson is diversifying into a new area of the market following the success of its handling of serviced apartments in an iconic £5m central Newcastle development.
The business has created a dedicated arm to let and manage serviced apartments on behalf of clients, after the huge success of its letting and management of serviced apartments within the Bruce Building, near Haymarket, which houses its own head office.
Of the 57 apartments within the Bruce Building, Walton Robinson was appointed to let and manage a number of serviced apartments for short-stay visitors to Newcastle, with business travellers, academics and medical professionals being key clients. The apartments are let months in advance, with visitors keen to take advantage of its central location, Grade II listed status and heritage as the former headquarters of Newcastle Breweries.
Walton Robinson – which operates across the whole North East from its Newcastle head office – is now adding a dedicated serviced apartments service to its portfolio, alongside its existing sales, lettings and new build homes divisions. The business has seen huge growth over the past few years, coupled with significant investment to support its development, particularly in its technology and IT.
The business has recently relaunched its website waltonrobinson.com, and offers clients a sector-leading service through its use of paperless e-documents.
Mark Walton, managing director of Walton Robinson, said: “The last few years have seen significant growth and development for the business – we have confirmed our place as one of the leading letting agents in the North East and have grown into one of the key players in the sales market too. The addition of serviced apartments to our portfolio is an ambitious step, but one we have the expertise and experience to make into another success for Walton Robinson.
“The creation of serviced apartments within the Bruce Building has proved immensely popular, with bookings taken months in advance from visitors from across the world. We believe there is something of a gap in the market in this sphere, so we wanted to create a high-quality, bespoke serviced apartments letting and management service to other clients. In the short time it has been in operation we have had strong interest, which gives us great confidence in the long-term success of our latest offering.”