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03/01/2018

Watkin Jones Secures Planning Consents For Six Schemes

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Watkin Jones has secured planning consents on three student accommodation schemes and three build to rent developments.

In London, the developer has achieved consent for a 238-bed development at Albion Way in Wembley and a 353-bed development at Forest Road in Walthamstow.

The Group has also secured consent for a 323-bed project in Chester. Each of the three development's are anticipated to be completed in 2020 ahead of the 2020-21 academic year.

Elsewhere, Watkin Jones' build to rent division has secured planning consents on three developments; 147 units at the Group's site at Holdenhurst Road, Bournemouth, an increase from 132 to 165 units on its Sutton site and 62 units on its site at Stepney Street, Sheffield adjacent to its completed 78 unit scheme.

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The Group has also exchanged contracts on a build to rent site in Uxbridge. Subject to planning consent, the project will deliver around 270 units.

Mark Watkin Jones, Chief Executive Officer of Watkin Jones, said: "The Group is continuing to deliver in the UK student accommodation sector and these schemes will increase our presence in key markets nationally, including our first site in West London.

"Build to rent is progressing well and we are extremely pleased with this division's performance in its maiden year. The additional planning consents and securing of the site in Uxbridge strengthens our pipeline as we continue to target the development of approximately 1,500 units between FY18 and FY22."

(LM/MH)

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