trending Market Intelligence /marketintelligence/en/news-insights/trending/pml1i1mhkvbsrniv3mbjjw2 content esgSubNav
In This List

Watkin Jones obtains £68.5M funding to build 315-apartment scheme in the UK

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Watkin Jones obtains £68.5M funding to build 315-apartment scheme in the UK

Watkin Jones PLC will receive £68.5 million of development funding from M&G Real Estate for the construction of a 315-apartment build-to-rent scheme in Reading, U.K.

Under the agreement, signed with M&G Real Estate and Lochailort, the U.K.-based developer will start construction on studio, one-, two- and three-bedroom apartments immediately.

The project is slated for completion in 2021.

Watkin said in its trading update that it holds five build-to-rent sites and is in talks for other development opportunities. It aims to deliver more than 1,500 units in the following five-year period.