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Aparthotel operator Staycity Group has completed a sale, development and leaseback deal with Bridges Fund Management and Citygrove for a new 185-room Wilde Aparthotel in Nine Elms, London.
Staycity secured the full planning consent for the development from Lambeth Council in November. It has now sold the Wyvil Court site to Bridges and Citygrove, who will develop the aparthotel.
The aparthotel group has agreed a 30-year lease to operate the property, which is expected to open in early 2028. The site has an expected gross development value of around £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 feature a publicly accessible reception, bar, co-working space, café and pantry and artisan shop, with a “strong focus” on sustainability, including onsite solar PV, air source heat pumps and green roofing.
Barry Hickey, managing director of Staycity’s real estate arm, said: “In today’s volatile real estate market, to execute a transaction of this scale and complexity represents significant success.
“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.”
Adam Amijee, investment manager at Bridges Fund Management, added: “We’re delighted to be partnering with Citygrove to regenerate this derelict office building and bring it back into economic use – drawing on our extensive experience of sustainable development to deliver measurable reductions in embodied and operational carbon.
“We’re also excited to be working with Staycity, who not only share our focus on ESG and sustainability, but also bring best-in-class operating expertise. We’re confident that together, we will deliver a modern, sustainable aparthotel that also creates jobs and supports local economic growth.”
Tom Fuller, development director at Citygrove, concluded: “This is a fantastic endorsement of Staycity, and also Citygrove’s track record in the hotel sector. We are delighted to have secured planning consent on behalf of Staycity, and to be continuing the project to deliver a best-in-class sustainable Wilde aparthotel in partnership with Bridges.”
Aparthotel operator Staycity Group has completed a sale, development and leaseback deal with Bridges Fund Management and Citygrove for a new 185-room Wilde Aparthotel in Nine Elms, London.
Staycity secured the full planning consent for the development from Lambeth Council in November. It has now sold the Wyvil Court site to Bridges and Citygrove, who will develop the aparthotel.
The aparthotel group has agreed a 30-year lease to operate the property, which is expected to open in early 2028. The site has an expected gross development value of around £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 feature a publicly accessible reception, bar, co-working space, café and pantry and artisan shop, with a “strong focus” on sustainability, including onsite solar PV, air source heat pumps and green roofing.
Barry Hickey, managing director of Staycity’s real estate arm, said: “In today’s volatile real estate market, to execute a transaction of this scale and complexity represents significant success.
“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.”
Adam Amijee, investment manager at Bridges Fund Management, added: “We’re delighted to be partnering with Citygrove to regenerate this derelict office building and bring it back into economic use – drawing on our extensive experience of sustainable development to deliver measurable reductions in embodied and operational carbon.
“We’re also excited to be working with Staycity, who not only share our focus on ESG and sustainability, but also bring best-in-class operating expertise. We’re confident that together, we will deliver a modern, sustainable aparthotel that also creates jobs and supports local economic growth.”
Tom Fuller, development director at Citygrove, concluded: “This is a fantastic endorsement of Staycity, and also Citygrove’s track record in the hotel sector. We are delighted to have secured planning consent on behalf of Staycity, and to be continuing the project to deliver a best-in-class sustainable Wilde aparthotel in partnership with Bridges.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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