Premier Inn to open its tallest UK hotel yet in Canary Wharf in 2022

15 January 2020 by
Premier Inn to open its tallest UK hotel yet in Canary Wharf in 2022

Premier Inn's tallest hotel in the UK is to open in London's Canary Wharf after property developer Rockwell completed a £106m deal with Aviva Investors to fund its construction.

The 30-storey, 400-bedroom development has been designed by architects SimpsonHaugh and is scheduled for completion in early 2022. Additionally, 66 residential homes will be constructed on the site, which is adjacent to Westferry DLR station. .

The freehold had been bought by Aviva Investors' Lime Property Fund, with Premier Inn's parent company Whitbread acquiring a 30-year lease from them to open the hotel alongside a restaurant.

Founder of Rockwell, Donal Mulryan said: "This is a landmark development and we are delighted to complete the £106m transaction with Aviva Investors.

"It's been a pleasure to work with both Whitbread and Aviva to realise the delivery of this fantastic scheme, which will have a meaningful legacy for the surrounding area."

The Canary Wharf Westferry Premier Inn will be the group's largest hotel outside an airport.

Rockwell was founded in 2015 by property entrepreneur Donal Mulryan. It focuses on land acquisitions, planning, development management and construction.

CBRE acted as the agents on Rockwell's behalf. Lewis Corby, director at CBRE said: "We received strong investment demand, principally from institutional buyers. In the low interest environment, investors continue to be attracted to secure long dated, asset backed income. With 400 bedrooms, it is set to become the largest Premier Inn hotel in central London."

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking