UK: Hospitality investment group QIG and its operating arm Q Apartments has signed the apartment block Wells Court in Hampstead, London.
Wells Court includes 27 furnished units ranging from one-bedroom apartments to penthouses, as well as a gym and concierge suite.
Serviced apartment consultant Saxbury was instructed by owner Unity Group to source an operator for the site. A multi-year lease agreement has been agreed with QIG under its Q Apartments brand.
Ophir Salomon, chief investment officer of Unity Group, said: “This is an exciting deal for us. Wells Court is a truly unique asset in that location, and Saxbury played a key role in sourcing a top tier operator such as QIG. We’d like to thank Ben for getting the lease agreement over the line in time for the full completion.”
Colum Campion, CEO for QIG, said: “It’s a superb building in an area we have been seeking to operate from for some time. We are delighted to have secured it, and particularly grateful to Ben of Saxbury for his exceptional work in facilitating this transaction.”
Ben Davis, leasing director at Saxbury, said: “Unique freehold assets like this rarely change hands, so we relished the opportunity to market Wells Court for long-term rental by a single corporate tenant. We secured the new custodian for the building in a matter of weeks by tapping into our active network of professional operating companies.”
In addition to Hampstead, Q Apartments operates in several London neighbourhoods including Soho, Westminster, Mayfair, Southwark and more.
