UK: Watkin Jones has signed a development partnership to deliver around 200 purpose-built student accommodation (PBSA) units on Bristol’s Freestone Road.
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.
Alex Pease, chief executive officer of Watkin Jones, said: “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.”
Highlights:
• Watkin Jones has signed a development partnership to deliver around 200 purpose-built student accommodation (PBSA) units on Bristol
• The scheme will be part of the wider 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
