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RNS Number : 1725B

Watkin Jones plc

19 September 2018

 
For immediate release  19 September 2018

Watkin Jones plc

('Watkin Jones' or the 'Group')

Analyst and investor site visit

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors, is today hosting a site visit for analysts and investors to Duncan House in Stratford, one of the Group's London based developments.

Attendees will see the progress being made at Duncan House, a mixed use development on Stratford High Street offering 511 beds of purpose built student accommodation, 23 private residential apartments and 22 affordable shared ownership housing apartments. The scheme also provides a four-storey academic block (2,786 sq.m.) designed to accommodate potential teaching spaces, lecture theatres and dining facilities. The development is anticipated to be completed in the summer of 2019 ahead of the start of the 2019/20 academic year.

There will be no formal presentation distributed during the visit and no new material trading information will be given. Further information on the Group's performance will be released in the FY Pre-Close Trading Statement on 31 October 2018.

- Ends -

For further information:

 
Watkin Jones plc 
Mark Watkin Jones, Chief Executive              Tel: +44 (0) 1248 362 516 
 Officer 
Phil Byrom, Chief Financial Officer                www.watkinjonesplc.com 
 
Peel Hunt LLP (Nominated Advisor & Joint Broker)     Tel: +44 (0) 20 7418 
                                                                     8900 
Mike Bell / Justin Jones                                 www.peelhunt.com 
 
Jefferies Hoare Govett (Joint Broker)                Tel: +44 (0) 20 7029 
                                                                     8000 
Max Jones / Will Soutar                                 www.jefferies.com

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Richard Oldworth   Tel: +44 (0) 20 7466 5000 
 Jamie Hooper / Steph Watson / Catriona 
 Flint 
watkinjones@buchanan.uk.com                      www.buchanan.uk.com

Notes to Editors

Watkin Jones is a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation and build to rent sectors. The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high quality developments. Since 1999, Watkin Jones has delivered more than 34,500 student beds across 107 sites. In addition, Fresh Property Group, the Group's specialist accommodation management company, manages more than 16,000 student beds on behalf of its institutional clients. Watkin Jones has also been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments. The Group is now expanding its development and management operations into the build to rent sector.

The Group's competitive advantage lies in its experienced management team and business model, which enables it to offer an end-to-end solution for investors, delivered entirely in-house with minimal reliance on third parties, across the entire life cycle of an asset.

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L. For additional information please visit: www.watkinjonesplc.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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September 19, 2018 02:00 ET (06:00 GMT)

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