New highs today on further news.
Watkin Jones signs two deals for £90m
StockMarketWire.com
Watkin Jones, a developer of student accommodation, has forward sold a development of 354 beds on Little Patrick Street in Belfast.
It has also completed a development agreement to deliver 972 beds on the Hollis Croft scheme in Sheffield to the same institutional investor.
The consideration payable to Watkin Jones is around £90 million, net of client funding costs. Both developments are due for completion for the summer of 2019.
Mark Watkin Jones, chief executive officer of Watkin Jones, said: "We now have revenue and earnings visibility on 1,981 of the 3,545 beds we plan to deliver in FY19, with the remaining beds having been secured and working through the early stages of our business model."
At 8:12am: (LON:WJG) Watkin Jones Plc share price was +1.13p at 199.38p
Story provided by StockMarketWire.com
http://www.moneyam.com/action/news/showArticle?id=5644115