A Welsh developer of student accommodation in the UK, said it expected to be valued at about 255 million pounds ($364 million) when it lists on London's junior Alternative Investment Market later this month.
Since 1999, Watkin Jones has built 28,000 student beds across 88 sites, using funding from a number of institutional partners.
The company said it currently had the capacity to deliver at least 10 student developments each year and that its pipeline at this point consisted of 11,300 beds and 31 developments.
Revenue from continuing operations rose about 7 percent to 244.2 million pounds in the year ended September 30, while operating profit from continuing operations more than doubled to 32.5 million pounds.
Watkin Jones said it has ambitions to expand into the booming private rented sector, where demand has risen sharply in the face of an acute shortage of houses in the UK and rising prices.
Trading in Watkin Jones' shares is expected to begin on March 23.
The Watkin Jones Group has received many awards and accolades over the years. Underlining our enviable track record of success, below are just some of our recent awards that demonstrate our commitment to design, quality and the local community.[some of the many notable examples, are pictured below]
Civic Trust Award Sugarhouse Close, Edinburgh Scotland 2014
Recently the family firm has been nominated for the Welsh Family Business of the Year Award 2016 , to be revealed in June 2016
Zeus Capital and Peel Hunt were acting as joint bookrunners and joint brokers, the company said.Zeus Capital were involved with the successful flotation, of online estate agents purplebricks.com in December 2015.
Tallest Building Wales
Most Recently Wales' tallest building in Cardiff ,which is also being built by Watkins Jones, has been officially approved, by planners and council officials.
The only way is up
Standing 132 metres tall (433 ft) high, the building ,will be home to around 450 students.
Penarth View
Plans include a shop or cafe at ground level, and a "sky lounge" available for hire., The new building, will be taller than Swansea's Meridian Tower, which is 107m (351ft).
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Student accommodation seems stressful for students who move out for the first time,
ReplyDeleteDo visit our Website and check out this property
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