Watkin Jones (GB:WJG) has released an update.
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Watkin Jones plc has announced the forward sale of a new 397-bed student accommodation in East London to the Housing Growth Partnership. The development is expected to generate about £96m over three years, aligning with the company’s financial targets, and includes an option for Watkin Jones to gain additional returns based on the project’s future performance. The venture introduces a novel joint venture structure, enhancing the company’s portfolio and showcasing its innovative approach to institutional partnerships.
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