Watkin Jones has forward-sold a portfolio of six developments to Europa Generation for £165m.
Europa Generation is a joint venture set up by Europa Capital and Generation Estates to invest in student accommodation in the UK.
The portfolio consists of 1,691 student accommodation beds across 14 residential units, which all have planning consent.
The six developments are:
| Development | No of beds | Delivery date |
|---|---|---|
| Caledon House, Aberdeen | 199 (147 clusters/52 studios) | September 2018 |
| Bailey Fields, Sheffield | 543 (457 clusters/69 studios/17 one-beds) | September 2018 |
| Market Street, Newcastle | 225 (177 clusters/48 studios) | September 2018 |
| Midland Road, Bath | 108 (94 student beds/14 residential units) | September 2018 |
| Oxford House, Bournemouth | 486 (410 clusters/76 studios/32,205sq ft of academic space/commercial space/car parking) | September 2018 |
| Between Towns Road, Oxford | 144 (140 clusters/4 studios/c869sq ft retail unit) | September 2019 |
Mark Watkin Jones, chief executive of Watkin Jones plc, said: “The group has now forward-sold all of its developments that are planned for completion by September 2018. In addition, with the Between Towns Road, Oxford development for delivery in 2019, the number of developments forward-sold for delivery before September 2019 has moved to 21, which represents 6,794 beds.
To send feedback, e-mail Shekha.Vyas@egi.co.uk or tweet @shekhaV or @estatesgazette
