Watkin Jones Share Discussion Threads

[spellbrook] 13/11/2016 07:56

alan ....are you being served.....going up.....

Taylor Wimpey , Nicholson, Beazer etc report next week.....purely residential....


DIVIDENDS in February........

[alan@bj] 12/11/2016 15:50

You sound like young Mr Grace, Spellbrook.

[spellbrook] 12/11/2016 12:53

Phase 2b Belle Vue, Leeds is progressing well. Scaffold strip complete. Well done to all involved!

[spellbrook] 12/11/2016 12:53

Bagot st, Birmingham -This project will include 492 student bedrooms and is on programme to complete in August 2018 - looking great!

[brentpease] 09/11/2016 12:01

Can't buy even 100 of these at the moment

[spellbrook] 08/11/2016 09:36

I can see Wjg looking at more prs and building schemes....maybe even work with some housing associations...

[2vdm] 08/11/2016 09:05

Thanks Glaws, I'll take a look at the interims. I assume PRS is Private Res Sales? Sorry, just sptted it Private Rented Sector

[glaws2] 08/11/2016 08:20

2vdm - very roughly the PRS turnover is about 5% of total turnover (excluding legacy sales) - however, this is a market that they are just entering so expect this to increase over time. The interims gives details of margins.

[2vdm] 08/11/2016 08:06

Thanks Spellbrook. Good spot. Does anyone know the % split in terms of T/O between student and non-student accommodation and/or perhaps more importantly what each contributes to net Profit?

[spellbrook] 08/11/2016 04:40

Watkin Jones plc (LON:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector, has provided updates to several developments on its website. The company are currently planning a number of new developments over the next year.
Gwel y Llan – Phase 2Caernarfon – LL55 2SQ Situated near the town of Caernarfon, construction has now begun on phase 2 of our Gwel Y Llan development.Consisting of 37 plots, the second phase will offer a range of properties from 2 bedroom starter homes to modern 4 bedroom family homes, perfect for those looking for contemporary living and convenience to local healthcare and leisure facilities.Caernarfon has a fantastic range of things to do and is home to a vibrant town centre and historic castle.
The Wharf – Phase 4Manchester – M43 7ZA Located canal side, in a popular area of Manchester, The Wharf now enters into a new phase of development.With accessible transport and traffic links, The Wharf at Droylsden, is perfect for those looking for a short commute to work or quick access to the vast array of shops and restaurants that Manchester has to offer.The location is extremely popular and boasts a strong community spirit. This new phase of development will add to this by creating 24 new homes featuring 2 and 3 bedroom houses.
Plas Y CoedBangor – LL57 4HN Located just on the fringe of Bangor, Plas Y Coed is a stunning forthcoming development featuring a number of new homes. The development comprises 12 apartments set within a Grade 2 listed building plus newly constructed apartments and 2 and 3 bedroom starter homes – making it a perfect development for all.The 39 plots are situated in an area close to Hirael Bay and are a short distance from Bangor and everything this busy university town has to offer.
Victoria DockCaernarfon – LL55 1TH With 6 luxurious apartments, our forthcoming Victoria Dock development is ideal for couples looking for an outstanding location. Caernarfon is home to the famous Caernarfon castle, built by Edward I and the royal town is steeped in history and forms the perfect location for a new home.
Cestria IIQuayside, Chester – CH1 4HJ Chester is a bustling market town in the North West of England, situated next to the picturesque River Dee. The location is perfect for those looking for a new home in a beautiful area steeped in history. Watkin Jones are offering 24 brand new 2 bedroom apartments, ideal for young professionals or couples. Close to a variety of restaurants, bars and high-end shops, Chester is one the liveliest cities in the North West.
Watkin Jones Plc are one of the UK’s leading construction and development companies, building homes which are acclaimed for quality, style and innovation. Their residential property portfolio, ranging from executive and family homes to contemporary apartments, is designed to reflect modern lifestyles. Over the last decade their homes have been recognised for design, quality and sustainability and award winning developments can be found nationwide.

hxxp://www.directorstalkinterviews.com/watkin-jones-plc-property-development-updates/412714943

[brentpease] 02/11/2016 17:00

Seven rapidly expanding North Wales firms have been included in the list of the fastest growing Welsh businesses.

Since 1999, Watkin Jones has delivered over 31,800 student beds across 98 sites, making it a key player and leader in the UK purpose built student accommodation market.

hxxp://www.dailypost.co.uk/business/business-news/north-waless-fastest-growing-businesses-12078958

[martinthebrave] 29/10/2016 18:47

iii = [...]

[le4r] 29/10/2016 18:37

Thanks Spellbrook- could you let us know the source (and/or paste full article). Cheers

[spellbrook] 29/10/2016 13:04

There are a large number of AIM companies with attractive and growing dividends. The most famous of these is probably James Halstead (JHD), which has been growing its dividend for 41 years - although it moved to AIM just over a decade ago. The floorcoverings manufacturer's share price already more than reflects the track record, partly thanks to the IHT investors that have moved into the shares - although that is not to say that it can't continue to rise over the long-term.

The "magnificent seven" companies below provide growing dividends, and most have cash in the bank or limited debt. Not all of them have a particularly high yield, but the dividend growth will provide strong increases in income.

Many of the examples also have a long-track record of dividend growth and even the newer quoted companies have a couple of years of track record. There are also newly floated companies that look set to become attractive dividend plays, particularly student accommodation developer Watkin Jones (WJG).

[swiss paul] 25/10/2016 20:17

artistic licence m'boy

[shanklin] 24/10/2016 08:05

Certainly seems to be a major disconnect between the comments in the article and the building pictured in the artist's impression.

[jonwig] 23/10/2016 08:29

The Chester building is, to my mind, very ugly - a pile of packing cases.

I've seen similar ones. They are cheap to design, cheap to build. Rents can be kept at manageable levels. Reading the article, I suspect the local residents are Nimbys who just don't want noisy drunken students next door.

The world of "affordable housing" is inevitable, and folks who can afford nice homes will have to adjust.

[alan@bj] 22/10/2016 21:40

Only 120 objections is insignificant.

[dire cons] 22/10/2016 20:33

'studentification'? WTF?

What do you want Reg, acres of Victorian squalid bedsits downgrading the beautiful City?
Students have moved on. Maybe you should do the same.

[spellbrook] 22/10/2016 08:25

hxxp://www.chesterchronicle.co.uk/news/chester-cheshire-news/chester-student-block-dubbed-oversized-12057383



Chester student block dubbed 'oversized, brutal and ugly' gets permission
19:00, 21 OCT 2016
BY DAVID HOLMES
Appeal inspector overturns decision of elected councillors to allow six-storey building in city centre

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An artist's impression of what the proposed 77-bed student block will look like off Hunter Street as seen from the ring road

A planning inspector rejected the views of councillors, residents and a heritage watchdog by allowing a six-storey student block described as ‘monstrousR17;.

In April, Cheshire West and Chester Council’s planning committee voted down the 77-bed managed complex on Hunter Street car park in the city centre.

Members concluded its design, scale and massing meant it was out of step with the neighbourhood and conservation area.

But inspector Jonathan Manning allowed Watkin Jones’ appeal disregarding objections by council leader Samantha Dixon, more than 60 residents and comments by Chester Civic Trust, who dubbed the building ‘oversized, brutal and ugly’.

READ MORE
Chester city centre student housing scheme kicked into touch
An artist's impression of what the proposed 77-bed student block will look like off Hunter Street
He instead agreed with Historic England and the council’s planning department who had recommended the scheme be approved.

The appeal site was currently an ‘unattractive’ car park, he said, while acknowledging the sensitive location to the rear of historic properties in King Street.

Regarding a controversial six-storey tower feature, he said: “Whilst the feature tower would be visible on the skyline, I am of the view that it would add visual interest to the corner when viewed from the street scene and also to the townscape when viewed from the wider area.”

But Labour council leader and ward member Samantha Dixon (Chester City) told the planning committee on decision day: “Ask yourselves, is this the listed building of the future? No, it isn’t. It isn’t needed. It isn’t wanted and it isn’t good enough.”

READ MORE
Chester student housing schemes take shape across the city
CWaC leader Cllr Samantha DixonCWaC leader Cllr Samantha Dixon
Opponent Faye Mustill, chairman of King Street Residents Association, recognised the plans had been modified to make the building more ‘visually acceptable’, but commented: “That said, residents are diametrically opposed to student accommodation as evidenced by the 60 letters of objection.”

Committee member Cllr Jill Houlbrook (Con, Upton) argued: “We’ve got the wonderful theatre being developed just up the road and now we are going to put what to me looks like a monstrous concrete-brick block just further down the road from it.”

The Hunter Street car park where the 77-bed student block will be built.
Watkin Jones planning director Iain Smith, addressing the committee, thanked council officers for their support, saying they had described the development as ‘a strong and confident building that can sit comfortably in the area’ with a ‘strong corner feature’.

As the developer and operator of two existing managed student schemes in Victoria Road and off City Road, his company fully appreciated the ‘sensitivities’ around student accommodation and the impact ‘uncontrollable’ houses of multiple occupancy (HMOs) have on surrounding residents.

READ MORE
Chester city centre student housing backed by planners
He asked: “Where should students in Chester live? It’s commonly recognised that managed accommodation is the answer as it has a continuous management presence and members of the community have a direct point of contact to address any concerns.”

Mr Smith said the appearance of the building was intended to fit with the Storyhouse cultural centre and plans for the Northgate Development.

Reg Barritt with a petition signed by more than 120 people challenging the council's decision not to address the issue of studentification in the draft Local Plan.
Commenting on the appeal decision, Reg Barritt, of Chester Community Voice UK, said: "The decision has not surprised my group as they were well aware Government policy is to allow provision for university expansion come what may not only in Chester but all across the UK in 'town and gown' conurbations."

He added: “It is not so much the decision that appals us as we have become used to such bad decisions being taken regarding the future of our city, including for example loss of potential sites to meet a more important need for other mixed residential housing development in the city.

"What is appalling is the way the decision has been taken with no public inquiry held. The local press were not aware of this decision taken a month ago and, bafflingly, the notification of it has yet to be posted on the CWaC planning application concerned with this matter.

"It is only by chance we have unearthed the decision and can now let the cat out of the bag about this."

[alphabeta4] 20/10/2016 17:31

Stupid thing is the non-uk student population is tiny - just over 10% from memory.
There's also an article on page 12 of today's Times that Hammond wants to exclude students from migrant curbs so it might not even happen.
I'm out at the moment but will dig out my research on the exact figures.

[alan@bj] 20/10/2016 17:01

Could be down to Hollande's comments that Britain will have to make "hard negotiations" about Brexit. You can always rely on the French.
He said: "Theresa May is coming today as a member of the European Council. She has not yet activated Article 50 so she is part of all the discussions about Europe. As long as the United Kingdom has not left, the United Kingdom is part of the EU. I say very firmly, (if) Mrs May wants a hard Brexit, the negotiations will be hard."