Watkin Jones Progresses On Strategy With Forward Funding For 3 Sites – UK
Watkin Jones PLC on Thursday said it has completed forward funding for a mixed student accommodation and build to rent site in Sheffield and two more build to rent developments elsewhere.
The company, which develops multi-occupancy residential properties, said the Sheffield site has 691 student beds plus 71 build to rent units and is located near the University of Sheffield. The forward funding took place between Watkin Jones and AIG Global Real Estate, with the consideration payable to Watkin Jones totalling around GBP61 million.
Watkin Jones also forward funded two build to rent developments to M&G Real Estate, one in London and one in Bournemouth. The consideration was GBP90 million and they take total transactions with M&G Real Estate to five …