The scheme, purchased from Swiss Life Asset Administration, will likely be designed by EPR Architects and developed by Citygrove.
Work is because of begin in June 2027 and end in March 2030, topic to planning.
The location at 203-208 Blackfriars Street is near Southwark station and can home a mixture of studio and one-bed serviced flats with absolutely fitted kitchens. A café bar, lounge, store and co-working area are deliberate at floor and mezzanine stage.
The deal follows Staycity’s Wyvil Courtroom, Vauxhall acquisition, including to a central London pipeline now valued at over £800m.
Andrew Fowler, Staycity’s chief improvement officer, mentioned the Southwark transfer marked a milestone, boosting Wilde’s capital presence alongside current websites in Aldgate, Covent Backyard, Liverpool Avenue and Paddington.
Staycity at the moment operates 6,500 aparthotel rooms with 4,500 extra within the pipeline, signing round 2,000 keys a 12 months throughout Europe.
