Staycity signs lease for second Wilde in Berlin

ASAP Operator Member Staycity Group has signed a 20-year lease on a property at the Brooks on East development in Berlin’s Friedrichshain.

The development is set on the bank of the river Spree with views over Berlin and is hailed to become ‘a cosmopolitan hub for modern city living’ with its easy access to Berlin’s Ostbahnhof railway station, the Uber Arena and the East Side Gallery.
 

The property will operate under the Dublin-based aparthotel operator’s boutique lifestyle brand, Wilde, offering 222 apartments across two landmark towers. The first tower, housing 116 apartments across six floors, is scheduled to open in Q2/3 2027. The 95-metre structure will also feature a lobby with reception and café/bar on its ground floor. Tower 2, at 86 metres high, will have 106 apartments across the first five upper floors with a fitness studio and additional space on the ground floor. Staycity’s first Wilde in Berlin was opened at Checkpoint Charlie in December 2019.

Negotiations for the deal were jointly led by project managers and developers Arrow Global and Red Square, with the law firms Jahn Hettler Rechtsanwälte for the lessor, and Kucera Rechtsanwälte for the lessee.

Aaron Tschörne, Managing Director at Red Square, commented: “Our collaboration with the fast-growing, pan-European Staycity Group enhances the quality of Brooks on East through a well-established lifestyle concept. Following the base build-out of the space, the tenant will carry out the interior fit-out with its own team, allowing maximum flexibility to implement its distinctive design ideas. We are confident that this recognised brand will set a further strong accent in Berlin.”

Andrew Fowle, Chief Development Officer at Staycity Group, added: “Berlin is a key market for us within our European portfolio as we focus on cities that appeal equally to business and leisure travellers. With this prominent location at the East Side Gallery, a major tourist hotspot, we have secured another high-footfall site in the German capital. Alongside the quality of the location, the two landmark buildings and the professionalism of our project partners were decisive factors in our decision.”

Brooks on East, located between Ostbahnhof and Uber Arena, is part of the wider Media Spree district development. The project comprises two towers with podium levels with over 350 residential apartments with living spaces ranging from 60 to over 300 square metres, including spacious penthouses with panoramic city views. The development will also include office and retail space.

Building works on the project were resumed in September 2024 following the insolvency of the previous developer after insolvency administrator Christian Otto, partner at hww hermann wienberg wilhelm, secured new financing from the existing lenders.