Independent UK law firm Burges Salmon has advised NUMA Group (NUMA), Europe's leading operator of a fully digitalised hospitality platform, on its first UK property, an 86-unit property located in Bloomsbury, central London. This is NUMA’s first location in the UK and is part of a wider growth strategy with plans for further expansion in cities including Brighton, Manchester, Bristol, Belfast, Edinburgh and Glasgow.
Burges Salmon’s Built Environment sector group advised NUMA on the transaction, led by partner Richard Read and director Will Hall in the firm’s Hotels team. Will comments: “It has been a pleasure working with NUMA to support its ambitious growth strategy and facilitate its first UK property in central London. Conducting business in the UK for the first time is as exciting as it is complex. Our international expertise, coupled with our strong experience in the UK real estate and hospitality markets, meant we were well positioned to guide our client through this new venture.”
Philipp Rohweder, Director Real Estate of the NUMA Group, adds: "We are thrilled to announce our expansion into the UK and our first property in London. As Europe's most popular tourist destination and with a population of almost 9 million, this cosmopolitan city could not be a better fit for the NUMA success model. With the launch in London Bloomsbury, we have taken another decisive step towards being present in all European metropolises and NUMA now operates over 5,850 units across 33 European cities. The new NUMA Bloom will be our first property in the UK and we’re grateful to the whole Burges Salmon team for expertly guiding us through the complexities of the UK property market.”
Burges Salmon’s Built Environment sector group provides strategic and practical legal advice on acquiring, investing in and financing all forms of UK real estate. Co-ordinating advice for clients across multiple jurisdictions, much of the firm’s work has an international element, helping overseas clients expand into the UK and supporting UK-based businesses grow globally.