Concluding final development in larger scheme with L&G
Watkin Jones, the UK's leading developer and manager of residential for rent, is pleased to announce that the Group has practically completed on the final part of a significant BTR (‘Build to Rent’) development in Ravensbourne Place in Lewisham, South East London.
The development was delivered by Watkin Jones on behalf of Legal & General (‘L&G’) as part of a larger 322-unit project. The final block comprises 184 units; the phased completion follows the handover of 138 units in September 2023.
The site is built on a former Tesco carpark and provides a mix of high-quality one, two and three-bedroom apartments for rent, spread over 35 floors. Amenities for residents to enjoy include a library, private dining room, games room and cinema, in addition to landscaped gardens.
Supporting the Group’s Future Foundations ESG strategy, this state-of-the-art development incorporates cutting edge technology and engineering to target reduced emissions, supporting Watkin Jones’ sustainability objectives. This includes the implementation of air source heat pump heating for the hot water system, eliminating the need for gas usage. There is a charging infrastructure for electric cars and ample bicycle storage for residents, supporting sustainable local transport and helping the development to achieve a Home Quality Mark (‘HQM’) 3.5 star rating.
Located next to Lewisham train station, the development offers residents both convenient and easy access to central London with DLR and Southeastern train services on their doorsteps, in addition to spectacular views over the capital and new landscaped areas.
Richard Harris, Managing Director – Group Delivery, Watkin Jones, said: “We are thrilled to practically complete and hand over the final block, Block 1, of the Ravensbourne Place BTR development to our client, L&G. This is our second development completed alongside the highly regarded asset manager.
“This new development helps to tackle the local housing shortage in South East London and together with L&G, we have built sustainable rental homes, offering residents long term value.”
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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
