The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Wednesday, 26 February

Dragon's Den - Welsh Tower Planned

This has been a busy period for the Bangor based Watkin Jones Group with two major contracts and a flotation announced.

The Welsh developer and builder has been granted planning for a 42-storey tower of student flats in Cardiff, a development in Belfast and its intention to float the company next week.

The Cardiff development will involve a 132m-high tower of student rooms approved for construction on what is now derelict land near Customhouse Street in the city centre. Watkin Jones believes it will be the tallest building in Wales, beating Swansea’s Meridian Tower which is 107m-high. Work will start later this year with a completion date of 2018.

The block is to be under the operational control of Fresh Student Living, a business that has ties to the Watkin Jones Group and will have 447 rooms for students and is claimed to be the builder’s most ambitious scheme to date.

Good news for the specialist builder also came at the start of this week with planning approval for a development on Dublin Road, Belfast. The scheme will comprise 156 studios and is located a short walk away to the Queen’s University Belfast campus.

After a number years of strong growth, primarily in the student accommodation market in the UK, Watkin Jones has decided to float the company on the Alternative Investment Market (AIM) hoping to raise in the region of £300 million.

“The team has worked hard to establish our position as a leader in the UK student accommodation development market and it is this ability and ambition that will allow us to capitalise on the significant opportunities ahead,” explained Mark Watkin Jones, CEO, Watkin Jones. “The PBSA market in particular has huge potential and is supported by a number of long term growth drivers. We look forward to continuing to expand our business, providing an end to end service for accommodation projects as a publicly quoted company.”

Watkin Jones currently manages approximately 10,000 student rooms in the UK.

Picture: A major contract has been won by Watkin Jones for student accommodation in Cardiff



Article written by Robin Snow


Related Articles

Accommodating Academic Plymouth Brethren

Kier has been awarded the contract to design and construct a 22-storey building that will be the tallest building in Plymouth. Standing at 78m high the student...

 Read Full Article
Courthouse Called to Order

The Old Sessions House in Clerkenwell, London, a grand, former courthouse that once had a reputation for dishing out some the harshest sentences in the city, has...

 Read Full Article
A Piece of History Re-opens

The Piece Hall in Halifax, one of the most iconic heritage buildings in Britain, has re-opened its gates following a multi-million-pound transformation. The monumental...

 Read Full Article
Stirling Effort - Now for the Prize

The shortlist for the 2017 RIBA Stirling Prize for the UK’s best new building was announced on Thursday July 20. The six shortlisted buildings will now go...

 Read Full Article
Aero - Feel the Bubbles Melt

Hermes Investment Management has received planning consent for a major refurbishment of the Ascent Buildings in the Farnborough Aerospace Centre. The proposal is an...

 Read Full Article
Windows On The World?

Microsoft’s new German headquarters incorporates enormous panels to resemble gigantic windows opening onto the surrounding landscape, says Andreas Frisch. Opened...

 Read Full Article
London Office Crane Survey - Ups and Downs of Supply

London saw 3.9 million sq ft of new office space complete in the last six months, delivering the largest volume of office space in central London for 13 years. The...

 Read Full Article
Royal for Reading

Royal Elm Park, the £500 million landmark development adjacent to Reading Football Club’s Madejski Stadium, has been approved by Reading Borough Council,...

 Read Full Article
One in the Eye for Moorfields Development

Land Securities has been quick to issue a statement regarding its 21 Moorfields, London EC2 development with press speculation suggesting Deutsche Bank has made a huge...

 Read Full Article
Learning How to Unite in Building Improvements

The Unite Students Group, a provider of 50,000 student accommodation units, in more than 140 properties, has joined forces with Heathrow, Carillion, Royal Bank of...

 Read Full Article