
11/03/2024
Watkin Jones Group have fantastic news to share.
In partnership with Hines United Kingdom, they have secured institutional investment to forward fund a 260 bed PBSA (Purpose Built Student Accommodation) scheme at Gas Lane, in Bristol.
Alex Pease, their Chief Executive Officer commented: “We are delighted to announce the forward sale of this student accommodation development. This is our first transaction with Hines and we look forward to working with such a highly-regarded partner going forward.
“This transaction gives us confidence that sentiment in the institutional market continues to recover. As the market shows further signs of improvement, we are well-positioned to capitalise on this given our position in PBSA and Build to Rent, two of the most attractive asset classes in real estate.”
The site will provide much needed student housing amidst the chronic and ongoing housing shortage across the UK, including Bristol, and will be completed in time for the start of the 2025/26 academic year.
https://lnkd.in/e-tGbXQD