Selina Acquires Remote Year Brand and Doubles Down on Remote Work and Subscription Model

LONDON, Oct. 5, 2020 /PRNewswire/ — Selina, the global hospitality platform, has today announced its acquisition in an all-stock transaction of the Remote Year’s brand and customer base. Remote Year empowers professionals to embrace the remote work movement by taking their careers outside of the traditional office. 

Selina and Remote Year represent two of the leading brands in the travel and remote work categories and this acquisition strengthens both brands’ prospects for growth and expansion in a post-pandemic world. Remote Year will continue to exist as its own brand and will utilize Selina’s catalogue of best-in-class properties, spanning 19 countries and 3 continents, to improve its customer experience. Selina will leverage Remote Year’s community of driven professionals and remote workers as it focuses on longer-term stays and its remote work offering. As a collective, Selina and Remote Year will work together to tailor products that fit the needs of

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Warehouse Demand Doubles in a Year as Covid Transforms Shopping

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Demand for U.K. warehouses surged to a record in the third quarter, driven by the boom in online shopping that accelerated during the pandemic.

Warehouse owners leased out 13.3 million square feet (1.2 million square meters) in the three months through September, more than double the year-earlier level, according to a report from broker CBRE Group Inc. Retailers that operate exclusively online accounted for a third of demand.



chart, histogram: Record Demand


© Bloomberg
Record Demand

“The past six months’ take-up exceeds the annual total for eight of the past 10 years,” Jonathan Compton, senior director for U.K. industrial and logistics intelligence at CBRE, said in a statement. “Concerns around Covid-19 and Brexit have not suppressed demand, and consumers in the U.K.

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