Loan Size
£74M ($101M)
Sponsor
Canary Wharf Group, edyn
Asset Class
Hospitality
Size
279 Rooms
In December 2020, Cain agreed a £74M development loan with Canary Wharf Group and edyn – the hospitality group behind lifestyle aparthotel brand Locke and a subsidiary of Brookfield – to finance the development of a 279-key Locke aparthotel in Wood Wharf, London, Canary Wharf’s new mixed-use district.
The 130,275 sq. ft. development will comprise 194 design-led studio apartments of approximately 269 sq. ft., and 85 larger apartments of approximately 345 sq. ft., all of which will benefit from a kitchen and living area. In addition, guests will have access to a range of amenities including a workout studio, a coffee shop and bar, a rooftop restaurant, private meeting and event spaces, co-working space and 3,229 sq. ft. of retail space.
The aparthotel will be located in the northwest corner of Wood Wharf, a vibrant neighbourhood in Canary Wharf, and will be within walking distance to all major corporate occupiers in the area as well as connected to the rest of London via the Jubilee line, DLR, the Uber Boat by Thames Clippers river service and the new Crossrail Elizabeth line.
