Aprirose has acquired a site in Dalston, London with planning permission for a £40m aparthotel development, marking its first foray into the sector.
A purpose built 121-room aparthotel, called Kingsland Locke, is currently being developed on the Kingsland Street site and completion is anticipated in April 2020.
Aprirose has appointed SACO Property Group, a leading serviced apartment company, as development manager to oversee the build through to practical completion and operate the finished scheme under a management agreement. The aparthotel will be run under the latter’s Locke brand.
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