REG - Watkin Jones plc - Development Partnership for 294-unit hotel

Watkin JonesAnnouncement

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RNS Number : 3546M  Watkin Jones plc  22 December 2025

 22 December 2025

 

 

 

 

Watkin Jones plc

('Watkin Jones' or the 'Group')

 

Development Partnership for 294-unit hotel in Wimbledon

 

Watkin Jones, the UK's leading developer and manager of residential properties
for rent, is pleased to announce it has agreed a development partnership with
Latium Enterprises to deliver a 294-unit hotel in the centre of Wimbledon.

 

The development will transform a former brownfield site on Worple Road,
Wimbledon, enhancing the local neighbourhood with a number of amenities. The
completed 11 storey hotel will provide a range of guest accommodation with
thoughtfully designed spaces including a club lounge, gym, co-working space
and café.

 

Watkin Jones is targeting BREEAM Excellent certification for the scheme,
underlining our commitment to delivering sustainable developments that meet
the highest environmental standards.

 

Over the course of the project, which is due to be delivered in summer 2028,
the development is expected to generate revenue of approximately £40 million
for Watkin Jones at margins consistent with guidance.

 

This is the second development partnership that Watkin Jones has entered into
with Latium Enterprises, following the scheme in New Kent Road, London,
announced in January 2025.

 

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

 

"We are delighted to announce this scheme, our second with Latium Enterprises
in the year, to deliver exceptional accommodation alongside well-conceived
living spaces and amenities for residents. This development partnership
continues to showcase our market-leading capability in delivering high quality
accommodation projects. It also demonstrates our ability to collaborate with
partners where we can leverage our skills, experience agile approach, whilst
delivering against our strategy to diversify our revenue streams and continue
to build a resilient business."

 

 

 

For further information:

 Watkin Jones plc
 Alex Pease, Chief Executive Officer                        Tel: +44 (0) 20 3617 4453
 Simon Jones, Chief Financial Officer                       www.watkinjonesplc.com

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 Adam McGhin, Chief Legal Officer & Company Secretary

 Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker)                                                                                                                                                                                                                                      Tel: +44 (0) 20 7418 8900
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Media enquiries:

 MHP Group (Financial PR)
                                                                                     Tel:
 +44 (0) 7770 753544

 Reg Hoare, Rachel Farrington, Catherine Chapman
                                           www.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 51,000 student beds
across 150 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 3,400 apartments across
19 schemes to date. In addition, Fresh, the Group's specialist accommodation
management business, manages c.21,000 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.

 

 

 

 

 

 

 

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