Penta Real Estate, Staycity Group establish JV to deliver 350-room Wilde aparthotel in central London
Tuesday, November 3, 2026 · first reported by IREI
Penta Real Estate and Staycity Group have set up a joint venture, valued at over £230 million ($309 million), to fund a 350-room aparthotel called Wilde in London's Farringdon district. Penta Real Estate is the majority shareholder, with the stakes divided 80-20.
For Staycity Group, the property will be its seventh in the capital. Its London hotels now in development carry a gross development value of roughly £700 million ($939 million).
Penta is also partnered with Ballymore in a separate £1 billion ($1.34 billion) venture, which is funding over 1,000 homes at three London sites.
- Also named
- Staycity Group
- Deal value
- $309M
- Asset class
- Real estate
- Geography
- Europe
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