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Management, Management Services

Large Japanese property corporation entered the Australian & NZ serviced Apartments/accommodation Industry

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JAPANESE RENTAL HOUSING MANAGEMENT COMPANY BUYS WALDORF SERVICED APARTMENTS

Sydney, Australia, 2017-Feb-01 — /EPR MANAGEMENT NEWS/ — Daiwa Living Management Co. Ltd (DLM), one of the largest Rental Hosing management companies together with Cosmos Initia Co, Ltd (CI), a Residential Developer in Japan, have jointly purchased 75% of Waldorf Australia and New Zealand Group.

Waldorf is a privately owned company which commenced operations in Sydney in 1982. Since then, the business has grown to more than 1,500 apartments and operates in Sydney, Central Coast, Canberra, Leura, Geraldton, Perth and Auckland.

Waldorf is currently one of the largest Serviced Apartment operators in Australasia.
DLM manages approximately 500,000 rental housing properties across Japan.

The Serviced Apartment business has undergone significant transformation in Australasia in recent years with almost all leading operators entering into ‘Joint Ventures’ with international operators.

DLM and CI are subsidiary companies of Daiwa House Industry Co. Ltd, the largest publically listed Construction and Development Company in Japan.

“The sale to DLM Group will bring forward our plans to further improve services and allow the business to expand significantly in the coming years.” said the Waldorf Group founding Director and CEO, Avi Rubinstein. He added that “We expect to grow our business to more than 5,000 apartments in time and this will greatly enhance our brand awareness and increase our competitiveness.”

“Serviced Apartments are an attractive alternative to Hotels as they offer spacious, high quality self -contained accommodation at reasonable prices and they are becoming increasingly attractive to domestic and international tourists as well as to the corporate traveller.” Mr Rubinstein said.

DLM has been seeking an opportunity to enter the Australasian market and is excited about the Waldorf acquisition. Waldorf is a well-established and successful business which is ‘scalable’ and presents DLM with an ideal platform to grow across many sub markets in both Australia and New Zealand.

The existing owners of Waldorf will continue their involvement in the business as Directors and their main focus will be to acquiring new properties for the newly enhanced group.

ENDS

For further clarification, please contact Avi Rubinstein at webmaster@waldorf.com.au

Contact-Details:
Avi Rubinstein, Waldorf Australia & NZ Group
110 James Ruse Drive,Rosehill, NSW 2142
Tel 02 88378000
www.waldorf.com.au

Via EPR Network
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Directors, Human resources, Leadership, Management, Managers, Organizational Change

Segun Babalola Appointed New IT Director At SilverDoor

SilverDoor recruits an IT Director to join the team at their head office in Chiswick, West London following the company’s continued expansion and their website upgrade plans for 2009.

Segun Babalola will be joining SilverDoor as IT Director from April this year. Segun has previously worked with SilverDoor on a consultancy basis on the development of the website since the company was formed nine years ago. He will be based at the company’s office in Chiswick, West London.

Marcus Angell, Managing Director, commented, “We have a number of major IT projects coming up this year, such as white label client sites, a new internal IT reservation and finance system, online card payment system, website back end redesign, along with the continuous improvements to the front end of the website”.

He continued, “We are also in the process of rolling out 360 degree internal tours of our top 100 apartments as well as launching Google StreetView which will enable prospective clients to see the external area of an apartment so we definitely felt that this was the right time to appoint an IT Director. Segun has long been a valued link in the development of SilverDoor and we are delighted to have him on board in this role.”

April also sees additional staff joining in Corporate Sales and Finance. Sean Hall has joined on a university Accounting and Finance placement from Bournemouth University and Serena Dines has joined as a permanent member of the Corporate Sales team from John D Wood. SilverDoor also appointed an HR/Office Manager earlier this year, Raimonda Kiausaite.

“Due to our expansion, we felt the time was right to appoint an HR/Office Manager to assist the directors in the day to day running of the company. By appointing senior significant staff we are addressing our growth whilst planning for the future and ensuring that our main focus is in developing the business further”, said Chris Gee, Sales Director.

Further acknowledgement of the company’s success came with the recent Buying Business Travel Diamond Awards announcement of SilverDoor as runner up in the Best Serviced Apartment Company category for 2009 and Business Travel World’s announcement of SilverDoor as a finalist in the Best Business Accommodation category also for 2009. Both award ceremonies are seen as valued and respected amongst the travel trade and represent the views of the most important industry clients.

SilverDoor represents serviced apartments in over 160 locations worldwide and features almost 250 serviced apartments within London. The company has just added further properties within Paris as well as serviced apartments in Edinburgh, Newcastle, Cape Town, new serviced apartments in Reading and Cork as a new destination.

About SilverDoor

SilverDoor international serviced apartments was incorporated as a Limited Company in March 2000 under its original name of HotDigs. At the beginning of January 2006 the company changed its name to SilverDoor. The company was formed and continues to be led by managing director Marcus Angell. SilverDoor boasts an impressive client portfolio which includes many FTSE 100 such as RBS, HSBC, Cadburys Schweppes and MAN Group Plc. SilverDoor offers serviced apartments in over 160 locations globally such as Paris, New York, Abu Dhabi and Dubai, as well as across the UK providing Birmingham serviced apartments, Cardiff serviced apartments and serviced apartments in Swindon. SilverDoor is based in Chiswick, West London.

Via EPR Network
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