6th Sep 2021 13:47
Watkin Jones PLC - London-based student accommodation developer and manager - Says continues to make good progress since interim results published on May 18.
Notes has completed and handed over 857 build to rent apartments since May 18 and 2,071 purpose built student accommodation beds. Adds that all remaining financial 2021 developments scheduled, being 184 apartments and 1,121 beds, are on track for completion in September.
Forward sells 184 apartments in Leicester for GBP31.7 million, 216 apartments in Hove for GBP76.5 million, 133 co-living apartments in Exeter for GBP16.9 million, 159 affordable homes in Crewe for GBP22.8 million and 23 affordable homes in Llay for GBP3.5 million.
Richard Simpson, chief executive officer of Watkin Jones, says: "Our delivery teams have performed strongly, with the majority of our developments for delivery in the current financial year already completed. We have been active in acquiring high quality sites, securing planning and also forward selling to a broadening range of institutional investors, enhancing our development pipeline."
Current stock price: 247.00 pence; up 3.1% Monday
Year-to-date change: up 35%
By Paul McGowan; [email protected]
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