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SACO Property buys 2 development sites in London, Dublin

London-based real estate developer SACO Property Group Ltd. paid an undisclosed sum to buy two development sites in Southwark in London and the North Docks in Dublin for the expansion of its Locke branded apartment hotels.

The apartment hotels will include an aggregate 383 keys.

The 70,000-square-foot Tower Bridge Road site in London will be rechristened Bermonds Locke and will open in spring 2020, while the 141,000-square-foot site at North Wall Quay adjacent to the 3 Arena in Dublin will be called Beckett Locke.

A Brookfield Asset Management Inc.-sponsored private real estate fund recently purchased SACO Property.