Watkin Jones non-executive chairman Grenville Turner and chief financial officer Phil Byrom are both set to retire from the business.
Turner, who has led the board since the group’s listing in 2016, will step down at the end of this year.
Byrom is also planning to leave next year, after nearly 20 years at Watkin Jones.
The firm said the changes form part of its orderly succession planning. It has begun the recruitment processes for their successors.
The news comes after Watkin Jones exchanged contracts on selling a 462-bed purpose-built student accommodation development in Leicester to Deutsche Finance International for £35.6m, payable on completion. The location will be managed by Fresh.
Watkin Jones said legals are progressing on the forward sale of its BTR developments in Leicester, Hove and Lewisham, and that terms have been agreed for the forward sale of its 295-bed PBSA scheme in Edinburgh, subject to planning. Talks are also under way on the forward sale of 159 homes on its affordable housing pilot site in Crewe.
Richard Simpson, chief executive of Watkin Jones, said: “We have maintained momentum from the second half of last year, making further good progress in securing new forward sales, adding to our development pipeline and with our construction activities all on track.
“We anticipate our profit for the first half of the year to be in line with our expectations and slightly below last year, which was before the onset of the disruption caused by the pandemic.
“The fundamentals supporting the markets for high-quality build-to-rent and student accommodation assets remain strong and with the continued progress we have made in the first half of the year, gives us confidence in our future trading.”
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