REG - Watkin Jones plc - Development Partnership for 200-unit PBSA scheme

Watkin JonesAnnouncement

Tue 07:00

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RNS Number : 8865U  Watkin Jones plc  12 August 2025

  12 August 2025

 

 

Watkin Jones plc

('Watkin Jones' or the 'Group')

Development Partnership to deliver c.200 units PBSA scheme in Bristol

 

Watkin Jones is pleased to confirm it has signed a development partnership to
deliver c.200 purpose-built student accommodation units (PBSA) located on
Freestone Road, Bristol.

 

The scheme will transform a disused railway embankment into a vibrant new
community, delivering high-quality student beds and contributing to the wider
regeneration of the Bristol Temple Quarter Enterprise Zone. The transaction is
expected to deliver revenue in excess of £28 million over the development
period, with construction scheduled to complete ahead of the 2027 academic
year.

 

This transaction is a further demonstration of Watkin Jones' diversification
strategy and has been executed notwithstanding the ongoing difficult
conditions for residential real estate development and construction.

 

Alex Pease, Chief Executive Officer of Watkin Jones, commented:

"This project demonstrates our ability to implement our strategy to diversify
our revenue streams. Whilst the market remains challenging, with constrained
liquidity for new development, we are encouraged by the continued desire from
institutional investors to partner with Watkin Jones to leverage our proven
expertise in residential development and construction. We look forward to the
successful delivery of this project."

 

- Ends -

 

 

For further information:

 Watkin Jones plc
 Alex Pease, Chief Executive Officer
 Simon Jones, Chief Financial Officer
 Adam McGhin, Chief Legal Officer & Company Secretary      Tel: +44 (0) 20 3617 4453
                                                           www.watkinjonesplc.com
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 Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)                                                                                                                                    Tel: +44 (0) 20 7418 8900
 Mike Bell / Ed Allsopp                                                                                                                                                                        www.peelhunt.com
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Media enquiries:

 MHP Group (Watkin
 Jones)
                  Tel: +44 (0) 7770 753544

 Reg Hoare, Rachel Farrington, Charles
 Hirst
  Email: watkinjones@mhpgroup.com (mailto:watkinjones@mhpgroup.com)

Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for
rent, with a focus on the build to rent, student accommodation and affordable
housing sectors. The Group has strong relationships with institutional
investors, and a reputation for successful, on-time-delivery of high-quality
developments.  Since 1999, Watkin Jones has delivered over 50,000 student
beds across 147 sites, making it a key player and leader in the UK
purpose-built student accommodation market, and is increasingly expanding its
operations into the build to rent sector, where it has delivered 2,200
apartments across 12 schemes to date.  In addition, Fresh, the Group's
specialist accommodation management business, manages c.20,000 student beds
and build to rent apartments on behalf of its institutional clients. Watkin
Jones has also been responsible for over 80 residential developments, ranging
from starter homes to executive housing and apartments.

 

The Group's competitive advantage lies in its experienced management team and
capital-light business model, which enables it to offer an end-to-end solution
for investors, delivered entirely in-house with minimal reliance on third
parties, across the entire life cycle of an asset.

 

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker
WJG.L.  For additional information please visit www.watkinjonesplc.com.

 

The Group's competitive advantage lies in its experienced management team and
capital-light business model, which enables it to offer an end-to-end solution
for investors, delivered entirely in-house with minimal reliance on third
parties, across the entire life cycle of an asset.

 

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker
WJG.L.  For additional information please visit www.watkinjonesplc.com
(https://protect.checkpoint.com/v2/___http:/www.watkinjonesplc.com/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzo4Y2Q0M2FiYjJkNjY0MjAyMzg2MzhhMTAyZWFhYjAwNTo2OjU3NTM6NDk2NmI3NmU0Y2M0YjY5MmM5MjY3MTQ1NWZiNWVkNjdmM2VlNTdiYmVlODFjNDlhNDc3OWVhMzc4MTlkMmYxYzpwOkY6Tg)

 

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