edyn acquires Canary Wharf apartments in £62 million deal

George Sell George Sell Uploaded 14 July 2021

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UK: edyn has agreed the acquisition of a 162-key serviced apartment asset in Landmark Pinnacle, Canary Wharf – the tallest residential building in Europe.

The Brookfield-backed company will open the units in Autumn 2021 under the newly launched serviced apartment brand Cove.

Arranged over the first ten floors of the newly-developed 75-storey residential building, Cove Landmark Pinnacle will comprise 72 studio and 90 one-bedroom apartments – 54 of which will feature winter terraces. Guests will be able to access the building’s residential gym and members’ lounge, golf simulator and winter garden.

Located in South Dock, Canary Wharf, edyn says Cove Landmark Pinnacle will be ideally positioned to attract corporate demand from international banks and businesses in the area as well as benefiting from proximity to City airport, central London and the Elizabeth Line, which is due to open next year.

Steven Haag, managing director of Cove, said: “Landmark Pinnacle will be a flagship location for Cove, realising our vision to create a next generation serviced apartment brand. This property will be one of the most preeminent offerings in London apartments, with unbeatable amenities such as access to the 56th floor gym. This ambitious project demonstrates our ability to target different types of real estate in prime city locations, including working with leading developers on Forward Purchase turnkey projects like Landmark Pinnacle.”

In June, edyn announced nine Cove sites would be included in the initial brand roll out; eight of which are refurbishments of edyn’s traditional serviced apartment brand, Saco.

 

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