Staycity Group to build Wilde Aparthotel in Nine Elms

Aparthotel operator Staycity Group has completed on a sale, development and leaseback transaction with Bridges Fund Management and Citygrove that will see the development of a new 185-room Wilde Aparthotel in Nine Elms, London.

Staycity secured a full planning consent for the development from Lambeth Council in November, paving the way for this transaction. The business has sold the Wyvil Court site to Bridges and Citygrove, which will develop the Aparthotel. Staycity has agreed a 30-year lease to operate the property, which is expected to open in 2028 and has an expected gross development value of c. £85m.

Located at 10 Wyvil Road, the development will introduce Staycity’s boutique lifestyle brand Wilde to the wider Vauxhall/Nine Elms area.

The property will include a publicly accessible reception, bar, co-working space, café and pantry and artisan shop. The development will have a strong focus on sustainability, including onsite solar PV, air source heat pumps and green roofing.

"In today’s volatile real estate market, to execute a transaction of this scale and complexity represents significant success," says Barry Hickey, managing director of Staycity’s real estate arm. "This is one of the very few hotel development transactions in London of scale in 2025, and testament to the investment confidence in Staycity Group. It has been a pleasure to complete our first transaction with Bridges Fund Management and we look forward to others in the future."

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