DJ Watkin Jones plc Planning consent for BTR development
Planning consent for BTR development
Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and Build to Rent sectors, is pleased to announce that the Group has secured planning consent for a further Build to Rent (‘BTR’) development at Bath Lane in Leicester.
The significant 322 unit site will consist of 174 one bed units, 137 two bed units and 11 three bed units. The Group expects to commence work on the site in FY 2018 with a phased completion anticipated during FY 2019 – FY 2020.
As reported on the 1 June, the BTR pipeline continues to grow and there are now six schemes currently targeted for delivery over the period FY 2019 – 2021, with a number of planning applications and other site acquisition opportunities in negotiation.
Mark Watkin Jones, Chief Executive Officer of Watkin Jones plc, said: “We are delighted to announce the further progression of our BTR business. Our plan to sustainably grow this exciting element of the Group continues and we are pleased to see that opportunities from within the development pipeline are moving forward. We believe the BTR business will continue to drive growth, alongside our student accommodation business, as well as providing excellent visibility of earnings and cash flow.”
Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and Build to Rent sectors, is pleased to announce that the Group has secured planning consent for a further Build to Rent (‘BTR’) development at Bath Lane in Leicester.
The significant 322 unit site will consist of 174 one bed units, 137 two bed units and 11 three bed units. The Group expects to commence work on the site in FY 2018 with a phased completion anticipated during FY 2019 – FY 2020.
As reported on the 1 June, the BTR pipeline continues to grow and there are now six schemes currently targeted for delivery over the period FY 2019 – 2021, with a number of planning applications and other site acquisition opportunities in negotiation.
Mark Watkin Jones, Chief Executive Officer of Watkin Jones plc, said: “We are delighted to announce the further progression of our BTR business. Our plan to sustainably grow this exciting element of the Group continues and we are pleased to see that opportunities from within the development pipeline are moving forward. We believe the BTR business will continue to drive growth, alongside our student accommodation business, as well as providing excellent visibility of earnings and cash flow.”