The Watkin Jones Group is one of the UK's leading developers of student accommodation with a reputation for consistently delivering high quality accommodation, on time, and to budget.
UK wide, our portfolio of developments range from purpose-built cluster flats and studios, to refurbishment projects and mixed-use schemes. Strategic choice of locations, coupled with cutting-edge design and exceptional build quality are the cornerstones of our success.

Today's students demand quality, affordability and exceptional connectivity with easy links to learning and leisure facilities as standard. This is an exacting combination but this is precisely the accommodation we deliver in prime locations nationwide.

Since 1999 we have developed more than 25,000 student units and have an in-depth understanding of this resilient property sector.

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Watkin Jones Group Fundamentals (WJG)

Jefferies International Buy 193.75 - 250.00 Initiates/Starts

Pop!

ST of IC today -So, with forecasts de-risked, I am upgrading my target price to 225p, bang in line with analysts at broking house Peel Hunt, but at a 10 per cent discount to Jefferies, which has just initiated coverage. Run profits

Cashed a few in today. Sorry guys!! :)

WHAT?kin!😀 I hope you made a decent profit Al.

Very reasonable, thanks. They've come a long way quite quickly so just downsized.

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."

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Targeting a break-out.

Can't see that, skinny. Something wrong with the link?

Still watching this lot.

It looks like the site is down! :-(

"Unfortunately this site is currently unavailable.
We expect to be back soon"

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

For completeness :-

31 Aug Beaufort Securities Speculative Buy 213.25 195.00 225.00 Reiterates

Looking up!

Any views? Select Property Group Finance plc 6% 2023 retail bond

Interesting skinny but too many variables for me. I'll stick with buying WJG!

Completion of forward sales of two developments

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector, is pleased to announce that the Group has exchanged contracts to forward sell a 618 student bed development in Pittodrie, Aberdeen to an unnamed institutional investor. The consideration payable to Watkin Jones over the course of the development, which is due for completion in the summer of 2019, is circa £51.1 million, net of client funding costs.

Following this agreement, Watkin Jones have now forward sold 2,599 of the 3,545 beds planned to be delivered during FY19, ahead of the 2019/2020 academic year. All schemes planned to be delivered during FY17 have been successfully handed over and all schemes due to be delivered during FY18 and ahead of the 2018/19 academic year have been forward sold.

In addition, the Group is also pleased to announce the forward sale of the office element of the major project on Christchurch Road, Bournemouth for £15.3 million, net of client funding costs. This forward sale completes the exit for the Group of the Christchurch Road development. This included 454 beds of student accommodation, which were completed and handed over in August 2017, as well as 129 hotel rooms for Premier Inn that has been forward sold. Completion of the Premier Inn is targeted for January 2018 and the office building for May 2018.

Mark Watkin Jones, Chief Executive Officer of Watkin Jones plc, said: "We are delighted to announce that we have successfully completed the forward sale of a further two developments.

"The demand for high quality purpose built student accommodation remains strong and the Group continues to secure, forward sell and develop a diverse pipeline of high quality sites, providing excellent earnings visibility for our shareholders."

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A new high @224.25p

New high @224.75p

A strong start - albeit on small volume.

Another new high 230.50p