Q Apartments International has acquired Skyline Worldwide in a deal that will see the Q Apartments Group turnover rising to USD 70 million.

Joining forces

Colum Campion, executive director of Q Apartments Group and ceo of Q International, said, “In our efforts to expand our core business model and find better ways to serve the market, we decided to join forces with a like-minded company that shares our values and vision.”The acquisition by Q International further strengthens both brands’ current position in the global serviced apartments industry. With this new venture, the Q Apartments Group will have a turnover of USD 70 million from over three thousand apartments, divided across its three main markets: the United Kingdom, Denmark and Brazil.Founded in 1996 in Copenhagen, Q Apartments Group is the largest serviced accommodation provider in Scandinavia. The company has grown significantly since then, expanding internationally to the attractive markets of the UK and Latin America.

Combining staff across three international offices

Skyline Worldwide is a relatively young company, being founded in 2009. The company initially focussed on two cities: London and Sao Paulo and has grown dramatically since then.Following the acquisition, both Q International and Skyline will combine their 100 staff within three international offices – London, Copenhagen and Sao Paulo.“Bringing together the creative culture of Skyline with Q Apartments’ corporate and business capabilities turns out to be such a great opportunity for both companies that it was impossible to overlook” said Skyline founder and ceo, Thiago Hahn.“Both companies have strong abilities and market positioning, but together they allow us to become a huge player in the international market.”The plan is to integrate the brands under a single operation unit during the course of 2017. Both companies will continue to operate with their current branding strategy until a later announcement, where a fully integrated new suite will be presented to clients and business partners.

Expanding global partner network

Heading the Group from the UK, Q International ceo, Mr Campion said, “This acquisition will bring further scale to our team and clients worldwide.“We already had an international presence but this deal formalises our commitment to our vision and our people. Skyline will assist the group in expanding our global partner network. Our combined companies will have the talent, systems and operating power needed to deliver results across the globe”.Q International is headquartered in London and has ambitious plans for the future. Besides focusing on growing its portfolio to other cities in the UK and Brazil, the group aims to expand further afield.According to Q Apartments Group founder and chairman Kim Bottger, the group will invest heavily in real estate and its global partner network and aims to have over five thousand units under their administration by 2020.For related news and features, visit our Serviced Apartments section.Access hundreds of global services and suppliers in our Online Directory  Get access to our free Global Mobility Toolkit

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