Staycity Group has acquired a three-storey office block near Nine Elms Station in London from Unite Students for the development of a 177-apartment Wilde Aparthotel.
The aparthotel operator purchased the block for an undisclosed sum and will develop the site in partnership with Citygrove.
The Wilde Aparthotel will offer a mix of self-catering studios and one-bedroom apartments sleeping up to four people. On-site facilities will include a laundry room, 24-hour reception, lounge where guests can eat, meet or work, a café, pantry, gym and bar.
Staycity is seeking funding for the £70m development once planning permission is obtained and will take an operational leaseback. Building work is expected to commence in 2026, with completion in the second half of 2027.
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.”
CRBE acted for Unite. Staycity and Citygrove were unrepresented.
