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Watkin Jones ( (GB:WJG) ) has shared an announcement.
Watkin Jones has entered a development partnership with Latium Enterprises to deliver a 294-room hotel on a former brownfield site on Worple Road in central Wimbledon, marking a further diversification of its residential-for-rent platform into hospitality. The 11-storey scheme, targeted for completion in summer 2028 and expected to generate about £40 million in revenue at margins in line with guidance, will feature a club lounge, gym, co-working space and café, and is aiming for BREEAM Excellent certification, underscoring the group’s sustainability credentials; as its second project with Latium in 2025, the deal highlights Watkin Jones’ ability to leverage repeat partnerships, broaden its revenue streams and reinforce its position as a leading provider of high-quality, amenity-rich accommodation assets.
The most recent analyst rating on (GB:WJG) stock is a Hold with a £29.00 price target. To see the full list of analyst forecasts on Watkin Jones stock, see the GB:WJG Stock Forecast page.
Spark’s Take on GB:WJG Stock
According to Spark, TipRanks’ AI Analyst, GB:WJG is a Neutral.
Watkin Jones is currently facing significant financial and valuation challenges, with declining revenues, profitability, and liquidity issues being the most significant factors. Technical analysis indicates a bearish trend, further impacting the stock’s outlook.
To see Spark’s full report on GB:WJG stock, click here.
More about Watkin Jones
Watkin Jones is the UK’s leading developer and manager of residential-for-rent properties, with a core focus on build-to-rent, purpose-built student accommodation and affordable housing. The group has long-standing relationships with institutional investors and operates a capital-light, end-to-end development and management model, having delivered more than 51,000 student beds and 3,400 build-to-rent apartments, as well as over 80 residential schemes ranging from starter homes to executive housing. Its Fresh management arm oversees around 21,000 student beds and rental apartments on behalf of institutional clients, reinforcing its strong position in the UK rental housing and student accommodation markets.
Average Trading Volume: 627,967
Technical Sentiment Signal: Sell
Current Market Cap: £73.4M
Learn more about WJG stock on TipRanks’ Stock Analysis page.