APG Group and First Super to invest $246m in City ID.

Pension fund manafer APG Group and private equity firm First Super to invest $246m in City ID, an accommodation services provider. "We are delighted to partner with APG and Aware Super to develop and grow our company further across Europe. We highly value the good fit with both the APG and Aware Super teams and are very much looking forward to jointly continue the City ID journey. We share a common long-term view and passion to create a fantastic and distinctive aparthotel platform focused around the experience of the guest. In the coming months, we will further progress our current pipeline and intensify our search for new prime location acquisitions in the capital cities. We thank all who made this deal possible including the teams of City ID, APG, Aware Super and the advisors," Alexander Goad, City ID CEO.