Edyn signs £62.5m deal to operate in Canary Wharf Landmark Pinnacle development

Brookfield-owned hospitality operator Edyn has acquired part of the Landmark Pinnacle development in London's Canary Wharf for £62.5m.

The 162-key asset will operate under Edyn's new serviced apartment brand, Cove, when it opens in the autumn.

Arranged over the first 10 floors of the 75-storey residential building, the tallest residential building in Europe, Cove Landmark Pinnacle will comprise 162 units including 72 studio and 90 one-bedroom apartments. Guests will benefit from access to the building's gym and members' lounge, golf simulator and winter garden.

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 pre-eminent 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 its traditional serviced apartment brand, Saco.

Edyn's portfolio also includes lifestyle aparthotel concept Locke, which will open seven new locations in the UK, Ireland and Germany this year.