Watson Farley & Williams (“WFW”) has advised Jastar Capital on its £40m+ acquisition of Native Bankside, a luxury aparthotel in London.
A former Victorian tea warehouse close to Borough Market and London Bridge, Native Bankside has been carefully developed into a 75 bedroom, 4-star aparthotel. The development will continue to be operated by Native Group under long-term arrangements.
Aparthotels are one of the fastest growing sectors in hospitality today. They offer guests a more homelike living environment and, especially for longer stays, lower prices than standard hotels.
Jastar Capital is a family owned business with over 35 years’ experience in the hospitality, leisure and property sectors in the UK and abroad, specialising in active asset management and value-add opportunities in the hotels, real estate and private equity sectors.
Native Group is one of the UK’s largest aparthotel operators with eleven sites across London, Manchester, Edinburgh and Glasgow.
The WFW London Hotels & Hospitality team that advised Jastar Capital was led by Corporate and M&A Partner Felicity Jones, who heads our EMEA hotels practice, working closely with our real estate, construction and planning teams, including Partner Gary Ritter, Senior Associates Johanna Hall and Hetty Tombs and Associate Shakir Potts.
Felicity commented: “It was a pleasure to advise Jastar Capital on this significant acquisition in a market which requires the ability to respond swiftly and understand the industry and the needs of clients investing in quality operating assets.”
