Student accommodation developer top of the class

WATKIN Jones, the recently AIM-listed developer and constructor, is trumpeting the completion of a series of student developments ahead of the start of the academic year.

The Bangor-based company with offices in Runcorn, Cheshire, has completed 10 developments across the UK with a total of 3,819 student beds.

Included are a 398-bed development in Liverpool, with others (two in Glasgow totalling 628 beds), a 450-bed property in Edinburgh, 324-beds in Leeds, 601 in Leicester, 397 in Sheffield, 500 in Bristol, and 104 in Bath.

Chief executive Mark Watkin Jones said:  “At the time of our AIM admission in March this year, we stated that our pipeline of development projects scheduled for completion before August 31 2017 totalled 17.
 
“It is therefore pleasing to be able to update investors today that the group has completed and handed over ten developments ahead of the current academic year and is very much on track to deliver the remaining seven ahead of the 2017/2018 academic year, in line with our expectations.

“We continue to add new sites to our strong development pipeline. Watkin Jones currently has 19 developments with 6,317 beds targeted for delivery during 2017 and 2018.  

“An additional two sites are being acquired which will add a further 418 beds to 2018.  The pipeline beyond this is looking positive with 2,000 plus beds across a number of sites having been secured.  This pipeline provides the group with strong visibility of earnings going forward and underpins our strategy in the short term.”
 

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