Business
Development Partnership for 200-unit PBSA scheme
Development Partnership for 200-unit PBSA scheme.
About this update from Watkin Jones Plc
12 August 2025 Watkin Jones plc ('Watkin Jones' or the 'Group') Development Partnership to deliver c.200 units PBSA scheme in Bristol Watkin Jones is pleased to confirm it has signed a development partnership to deliver c.200 purpose-built student accommodation units (PBSA) located on Freestone Road, Bristol. The scheme will transform a disused railway embankment into a vibrant new community, delivering high-quality student beds and contributing to the wider regeneration of the Bristol Temple Quarter Enterprise Zone. The transaction is expected to deliver revenue in excess of £28 million over the development period, with construction scheduled to complete ahead of the 2027 academic year. This transaction is a further demonstration of Watkin Jones' diversification strategy and has been executed notwithstanding the ongoing difficult conditions for residential real estate development and construction. Alex Pease, Chief Executive Officer of Watkin Jones, commented: "This project demonstrates our ability to implement our strategy to diversify our revenue streams. Whilst the market remains challenging, with constrained liquidity for new development, we are encouraged by the continued desire from institutional investors to partner with Watkin Jones to leverage our proven expertise in residential development and construction. We look forward to the successful delivery of this project." - Ends - For further information: Watkin Jones plc Alex Pease, Chief Executive Officer Simon Jones, Chief Financial Officer Adam McGhin, Chief Legal Officer & Company Secretary Tel: +44 (0) 20 3617 4453 www.watkinjonesplc.com Peel Hunt LLP (Nominated Adviser & Joint Corporate Broker) Tel: +44 (0) 20 7418 8900 Mike Bell / Ed Allsopp www.peelhunt.com Media enquiries: MHP Group (Watkin Jones) &n...