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Germany: Operator Staycity Group has signed a 20-year lease for its second Wilde aparthotel in Berlin, located at the Brooks on East development in Friedrichshain.
Set on the bank of the river Spree, Brooks on East is part of the wider Media Spree district development. The project comprises two towers with more than 350 residential apartments, office and retail space.
Staycity’s boutique lifestyle brand Wilde will offer 222 apartments across the two towers.
The first tower, housing 116 apartments across six floors, is scheduled to open in Q2/3 2027. The 95-metre structure will feature a lobby with reception and café/bar on its ground floor. The 86-metre-tall second tower will have 106 apartments across the first five upper floors with a fitness studio and additional space on the ground floor.
Andrew Fowler, chief development officer at Staycity Group, said: “Berlin is a key market for us within our European portfolio as we focus on cities that appeal equally to business and leisure travellers. With this prominent location at the East Side Gallery, a major tourist hotspot, we have secured another high-footfall site in the German capital. Alongside the quality of the location, the two landmark buildings and the professionalism of our project partners were decisive factors in our decision.”
Negotiations for the deal were jointly led by project managers and developers Arrow Global and Red Square, with the law firms Jahn Hettler Rechtsanwälte for the lessor, and Kucera Rechtsanwälte for the lessee.
Aaron Tschörner, managing director at Red Square, added: “Our collaboration with the fast-growing, pan-European Staycity Group enhances the quality of Brooks on East through a well-established lifestyle concept. Following the base build-out of the space, the tenant will carry out the interior fit-out with its own team, allowing maximum flexibility to implement its distinctive design ideas. We are confident that this recognised brand will set a further strong accent in Berlin.”
Staycity’s first Wilde in Berlin opened at Checkpoint Charlie in December 2019.
Highlights:
- Staycity Group has signed a 20-year lease for its second Wilde aparthotel in Berlin, located within the Brooks on East development in Friedrichshain.
- The Wilde-branded aparthotel will offer 222 serviced apartments across two towers at the Media Spree scheme, combining residential, office, and retail space along the river Spree.
- The first tower, comprising 116 apartments over six floors, is scheduled to open in Q2/3 2027, featuring a lobby, reception, and café/bar facilities.
- The second tower will deliver 106 aparthotel units alongside a fitness studio and ground-floor amenities, forming part of a mixed-use urban hospitality development.
- The Berlin project expands Staycity’s Wilde lifestyle aparthotel portfolio following its first opening at Checkpoint Charlie in 2019.
