Watkin Jones is pleased to announce that Bristol City Council Development Committee (‘the Council’) approved plans for the development of a 484-bed purpose-built student accommodation (‘PBSA’) scheme on Malago Road, Bedminster in Bristol earlier this week. This development represents one of the final projects of the Bedminster Green regeneration area and follows two years of negotiation and engagement with the Council.
Formerly an engineering works and foundry, the project is a prime opportunity to revive a disused brownfield site and contribute to the broader regeneration of the Bedminster Green area. The scheme will deliver high-quality managed homes for students ranging from six to ten storeys in height across three buildings. The proposals will deliver broad benefits to the local community, including the creation of a new public space and improvements to the highway infrastructure. The new student population is expected to support local businesses, including those along nearby East Street in particular.
Compared to the proposals of previous developers, Watkin Jones’ proposal promoted significant changes including reducing the number and height of buildings across the site and decreasing the number of rooms to better reflect the local character and in response to public engagement.
With support from the University of Bristol, this scheme will help to meet the higher education needs of the city that continues to be a premier destination of choice for both UK and international students as numbers continue to rise. Importantly, it has been designed sustainably to support the Group’s ESG strategy. The scheme will be BREEAM ‘Excellent’ and WiredScore ‘Gold’ enabling the best connectivity for students, in addition to an EPC rating B.
Watkin Jones is expected to partner with its award-winning management company Fresh to deliver well-maintained, 24-hour on-site services for students. As a leading and long-standing student accommodation developer, Fresh can ensure the site is well cared for and that the student population is well integrated with the existing community. The site offers excellent public transport links and includes storage for 130 bikes, three disabled car spaces that can accommodate EV charging, significant new tree planting, and green landscaping along Malago Road, seamlessly integrating with the council’s highway improvements and river restoration works.
Ben Wrighton, Head of Planning at Watkin Jones commented:
"We are very excited to announce planning approval for our second project in one of Bristol's key regeneration areas and our third active project within the city.
“Our commitment to providing high-quality, and well-managed purpose-built student accommodation will in part address the significant growing demand from the University of Bristol. We look forward to continuing our efforts to meet this growing need alongside the City Council and the local communities."
- Ends -
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper
watkinjones@buchanan.uk.com
www.buchanancomms.co.uk
Tel: +44 (0) 20 7466 5000
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 48,000 student beds across 143 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 16,940 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
