CITISPACE SERVICES LIMITED

What CITISPACE SERVICES LIMITED does

Citispace Services Limited is a privately-held UK residential property operator founded in 2004 and headquartered in Leeds, England. The company owns and manages an urban apartment complex of approximately 400 units in Leeds, which it operates under a dual rental model: long-term unfurnished and furnished Assured Shorthold Tenancies (ASTs) of six months or longer, and short-stay serviced apartments branded as Citigarden Studios. Long-term rents are disclosed in the £115-£150 per week band, while serviced studios are priced at £79 per night or £230 per week.

The Citigarden Studios product is the company's differentiated short-stay offering, with 54 new units launched in June 2022 to capture corporate, student, and leisure demand that traditional AST landlords cannot serve. Combined with ancillary services such as parking, the business addresses two distinct customer segments on a single operating footprint: long-term residential tenants seeking stable housing, and short-stay guests needing flexible, furnished accommodation in central Leeds.

The business model is straightforward rental yield: long-term AST income provides a stable baseline, while the higher nightly rate on Citigarden Studios drives incremental RevPAR and diversifies the revenue mix. The company is founder-operated with a small 1-10 employee headcount, implying a lean operating model with outsourced or centralized property-management functions. No external funding, acquisitions, or geographic expansion beyond Leeds are evident in the available data.

Name

CITISPACE SERVICES LIMITED

Legal name

Citispace Services Limited

Website

https://citispace.co.uk

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Citispace Services Limited is a Leeds-based private residential property operator managing roughly 400 urban apartments, offering long-term Assured Shorthold Tenancies and short-stay Citigarden Studios to individual tenants and transient guests.

Ownership category

akta.pro rank

Product category

Serviced Apartments and Residential Lettings

NAICS

Accommodation (721)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Extended-stay serviced apartments (weekly/monthly) (THAMACAD)

akta.pro secondary industries

Furnished Monthly Apartments (Urban/Residential) (THAMAFAB), Serviced Apartments & Corporate Housing Providers (THACALAD)

Keywords

• Serviced apartments
• Apartment rentals
• Property management
• Short-term accommodation
• Residential lettings

Headquarters

HQ city

Leeds

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. AST Rental Income: Long-term Assured Shorthold Tenancy (AST) rentals with minimum 6-month contracts. Tenants pay their own additional costs including electricity, council tax, and water. Weekly rental rates for one and two-bedroom apartments.
2. Serviced Apartment Rentals: All-inclusive serviced accommodation with flexible booking options - daily rates (£79 per night) or weekly rates (£230 per week) for Citigarden studio apartments opened June 2022. Includes all utilities, WiFi, and amenities.
3. Ancillary Services: Additional revenue streams from on-site services including parking (£70 per month), laundry facilities, on-site corner shop, on-site café, and hairdresser/beauty salon.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Citispace Services Limited operates an urban apartment complex of nearly 400 en-suite apartments near Leeds City Centre, offering flexible accommodation from 2 days to 2+ years. The portfolio includes long-term AST rental apartments (6+ month tenancies, from £115/week for one-bed) and fully inclusive serviced studio apartments (Citigarden Studios opened June 2022, from £79/night or £230/week) built to 4-star hotel standard, supported by on-site management, maintenance, security, broadband, parking, and retail amenities.

Product overview

CITISPACE SERVICES LIMITED operates a residential complex near Leeds City Centre offering two distinct accommodation types: Rental Apartments for long-term stays (6 months minimum) where tenants pay their own bills, and fully inclusive Serviced Apartments (Citigarden Studios) for shorter-term all-inclusive stays. The portfolio includes almost 400 apartments of various sizes, all with en-suite facilities, supported by on-site management, maintenance, security, and amenities including broadband, laundry, parking, and retail facilities.

Differentiator

Problem solved

Functional benefit

Brands

• Citigarden Studios: 54-room fully inclusive serviced apartments opened in June 2022, built to 4 star hotel standard with air conditioning, separate sleeping and living areas, fully fitted galley kitchen, free WiFi, and on-site security.

Products and services

• Rental Apartments (Long-term AST) Long-term rental apartments available on Assured Shorthold Tenancy (AST) contracts with a minimum 6-month tenancy. One-bedroom apartments from £115 per week and two-bedroom apartments from £150 per week; tenants pay their own electricity (pay-as-you-go), council tax, water, and broadband. Move-in can be arranged within 24 hours subject to usual checks. Targeted at professionals and individuals seeking quality, en-suite, centrally located Leeds housing.
• Citigarden Studios Serviced Apartments Fully inclusive serviced studio apartments opened in June 2022, built to a 4-star hotel standard. Each studio features separate sleeping and living areas, a double bed, a high-quality shower room with mains-powered shower, a fully fitted galley kitchen with hob, microwave oven combo and fridge, air conditioning/heating, a 42-inch smart TV, free 10Mb WiFi, a high-quality built-in sofa, and on-site security. Pricing from £79 per night or £230 per week on fully inclusive terms covering utilities, WiFi, and amenities. Targeted at solo travellers, couples, business visitors, and city-break guests needing short-stay hotel-quality accommodation in central Leeds.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Premier Inn: UK's largest hotel chain with strong Leeds presence, including long-stay product formats. Competes for short-stay budget-conscious travellers that might otherwise choose serviced apartments.
• Marriott Residence Inn: Global extended-stay hotel brand under Marriott, offering studio and suite accommodations with kitchenettes for multi-day stays. Broad incumbent in the extended-stay serviced apartment category.
• Staybridge Suites: IHG's extended-stay hotel brand offering suite-style accommodation with kitchens for weekly and longer stays. Overlaps with Citispace's longer-stay product in target customer and amenities.

Direct peers

• Staycity: European aparthotel group operating serviced apartment properties across the UK and Ireland, including Leeds. Competes directly with Citispace for short- and medium-stay travellers seeking apartment-style accommodation.
• SACO (The Serviced Apartment Company): UK-headquartered serviced apartment operator providing short- and long-stay apartments in multiple UK cities. Comparable to Citispace's combination of nightly and extended-stay serviced apartment offerings.
• Native Apartments: UK serviced apartment operator offering design-led short and extended-stay apartments in city-centre locations. Comparable urban serviced apartment offering and tenant mix.
• Adagio Aparthotels: European aparthotel brand jointly owned by Accor and Pierre & Vacances, offering studio and one-bedroom apartments for short and extended stays. Comparable product positioning to Citigarden Studios.
• BridgeStreet Worldwide: Serviced apartment and corporate housing provider focused on extended stays for business travellers. Comparable to Citispace's corporate/serviced apartment segment.
• Roomzzz Aparthotels: A UK aparthotel operator with a Leeds location, offering studio and one-bedroom serviced apartments on nightly and weekly rates. Direct overlap with Citispace's Citigarden Studios product and central-Leeds catchment.

Others

• Airbnb: Global short-let marketplace that competes directly with Citigarden Studios for nightly and weekly Leeds stays, particularly from leisure travellers and remote workers, often at lower price points.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/citispace-group-limited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CITISPACE SERVICES LIMITED