UK: Aparthotel operator Staycity Group has acquired a site near Nine Elms Station in London, close to the restored Battersea Power Station.
The former three-storey office block from Unite Students will be developed into a 177-apartment Wilde Aparthotel. The property will offer a mix of studios and one-bedroom apartments sleeping up to four people with fully-equipped kitchens.
On-site facilities will include a laundry room, 24-hour reception, communal lounge, a café, pantry, gym and bar.
Citygrove will oversee the initial planning and construction. Building is expected to begin in 2026 with completion in the second half of 2027.
Acquired for an undisclosed sum, Staycity will seek funding for the £70 million development once planning permission is obtained, taking an operational leaseback.
CRBE acted for Unite, while Staycity and Citygrove were unrepresented.
Neil Short, Staycity Group’s development director for London, said: “The Nine Elms/Battersea area has been on Staycity’s target radar following the announcement of the Northern line extension. Since the prestigious redevelopment of Battersea Power Station was completed, attracting the relocation of the US embassy and Apple’s European headquarters, it has become one of the most vibrant and active areas of London. We’re excited to be playing a part in its growth story.”
Staycity Group currently operates six Wilde Aparthotels – in Berlin, Edinburgh, Manchester and three in London in Aldgate, Covent Garden and Paddington.
Further Wilde properties are due to open in Cambridge, Lisbon, Munich and Porto, as well as two more in London.
