Build-to-rent and student digs developer Watkin Jones has said the forward-funding market is improving and that it should complete numerous deals in the coming months.
In a first-half trading update, the company said: “We are seeing appetite for forward funds continuing to recover and expect to close a number of transactions in our H2.
“We currently have five schemes either formally under offer or where we expect to appoint preferred bidders imminently.”
Last month, EG revealed the company is hunting out £500m in forward funding deals for purpose-built student accommodation developments in Birmingham, Bristol and Guildford.
To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews
