Mishcon de Reya has advised pan-European hotel operator Staycity Group on the acquisition of a development site at 202-208 Blackfriars Road, Southwark for a flagship central London 350-bedroom Wilde Aparthotel tower.
Mishcon worked with Staycity and its development partner Citygrove on the project which will have an estimated gross development value of £200 million upon completion.
Neil Short, Development Director - London at Staycity Group, said: "This is another flagship development secured for Staycity’s pipeline. It will be Staycity’s fifth in-house development, with a combined GDV of £800 million, and takes our operational and committed pipeline in London to in excess of 2,500 bedrooms. This will be a landmark building in Southwark, one of London’s fastest-developing central Boroughs.”
The Mishcon team was led by real estate partners Adam Marks and Matt Bowles with support from Chloe Chatton and Roisin Hogan.