Main construction work will start imminently near Holborn Viaduct in Farringdon central London for a new £230m aparthotel.
A joint venture between Central European developer and investor Penta Real Estate and aparthotel operator Staycity Group has been established to fund delivery of the new 350-room scheme.
Work will transform the Morley House site with Altius Real Estate acting as development manager throughout the project.Construction will begin following the demolition of the existing offi