StockMarketWire.com - Residential property developer Watkin Jones said it had completed the forward sale of a student accommodation development in Wembley to investment group DWS for around £90m.

The scheme was expected to deliver a margin in line with target returns and was scheduled for delivery in time for the start of the 2021/22 academic year, Watkin Jones said.

It had planning consent for 599 purpose-designed student beds with associated amenity and management space, plus a retail offering and an external communal area.

'The Wembley regeneration story is remarkable and it is firmly established as a destination of choice by students for their accommodation,' chief executive Richard Simpson said.




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