Watkin Jones has agreed a development partnership to deliver a 260-room aparthotel in Southwark, SE1.
Infinite and Latium Real Estate will be the owners and operators of the development on New Kent Road, which is expected to generate revenue of approximately £36m for Watkin Jones.
The development will regenerate a brownfield site to deliver a nine-storey scheme, due for completion in 2027.
Alex Pease, chief executive officer of Watkin Jones, said: “We are delighted to announce this development, which will supply high-quality accommodation as well as lifestyle spaces for the local community.
“This development partnership underscores our market-leading expertise in constructing residential for rent real estate. It demonstrates our ability to continue to be proactive in leveraging our skills and experience by being flexible in our approach, as we continue our strategy to diversify our income streams and broaden our offering.”
