Watkin Jones, the UK's leading developer and manager of residential for rent homes, is pleased to announce that the ‘topping out’ of the Group’s Build to Rent scheme at Ravensbourne Place in Lewisham, South East London took place recently.
This commemorative event signals that the concrete framework is now complete and was a very proud moment for everyone involved, including clients, subcontractors, and local councillors. The ‘topping out’ was marked by layering the last remaining cement at the top of the building.
The site is being forward funded by L&G Retirement, representing the Group’s second transaction with them. Additionally, CBRE GI have acquired an affordable housing block on a forward commitment basis located on the site.
This development is an important part of the regeneration in the Lewisham area. Upon completion, the 36-floor scheme will be home to 365 high-quality one, two and three-bedroom apartments for rent. The scheme will also include a gym, co-working space, shared amenity in addition to a roof top sky deck, which will be accessible by local residents and that will offer views over the capital. The site works also include the re-naturalisation of the river Ravensbourne and attractive landscaping. Being situated next to the train station, means that this location also offers residents convenient and easy access to the city.
Alex Pease, Chief Investment Officer of Watkin Jones, said: “Ravensbourne Place represents an exemplary London BTR scheme, offering residents high quality homes to rent in a great location and helping to meet local housing needs. It will also be a welcome addition to the area as part of the wider regeneration of Lewisham, which offers long term value and sustainable living for future generations of the community.”
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For further information:
Watkin Jones plc
Via Buchanan Communications
Buchanan
Henry Harrison-Topham / Jamie Hooper
Tel: +44 (0) 20 7466 5000
watkinjones@buchanan.uk.com
www.buchanan.uk.com
Notes to Editors
Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the build to rent, student accommodation and affordable housing 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 46,000 student beds across 136 sites, making it a key player and leader in the UK purpose-built student accommodation market, and is increasingly expanding its operations into the build to rent sector. In addition, Fresh, the Group's specialist accommodation management business, manages over 22,000 student beds and build to rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.
The Group's competitive advantage lies in its experienced management team and capital-light 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