RO has secured a pre-let for the building with Staycity Serviced Apartments and has appointed GB Building to deliver the 170-room aparthotel.

This will include a selection of studio and one and two-bedroom apartments all equipped with kitchens and ensuites.

The building will form part of RO’s wider Newhall Square mixed-use scheme, which comprises a mix of new-build and refurbished offices and hotels.

Elias Topping, Buckley Gray Yeoman, Copeland Wedge Associates and Church House Building Services are the design team for the fast-track job which will be completed next May.

Richard Bourne, head of RO Real Estate, said: “We are very pleased to have secured a pre-let to such a high-calibre tenant as Staycity and it is an endorsement of our ability to identify and deliver attractive speculative developments.”

The 30-year lease is part of an on-going expansion for Staycity, which already has over 1,000 apartments across eight European cities including Dublin, Edinburgh, Liverpool, London Heathrow, London Greenwich, Manchester, Paris and Amsterdam.

The company is aiming to expand its operations to 5,000 apartments over the next five years.