Watkin Jones plc Change of Adviser (7321F)

TIDMWJG

RNS Number : 7321F

Watkin Jones plc

19 May 2017

 
For immediate release  19 May 2017 
 

Watkin Jones plc

('Watkin Jones' or the 'Group')

Change of Adviser

Watkin Jones plc (AIM:WJG), a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector, announces the appointment of Peel Hunt LLP as nominated adviser and corporate broker to the Group with immediate effect.

- Ends -

For further information:

 
Watkin Jones plc 
Mark Watkin Jones, Chief                                              Tel: [phone] 
 Executive Officer                                                                      516 
Phil Byrom, Chief Financial                                          www.watkinjonesplc.com 
 Officer 
 
Peel Hunt LLP (Nominated Adviser & Broker)                                  Tel: +44 (0) 20 
                                                                                  7418 8900 
Mike Bell / Justin Jones / Matthew Brooke-Hitching                         www.peelhunt.com 
 
 
 
 

Media enquiries:

 
Buchanan 
Henry Harrison-Topham / Richard   Tel: [phone] 
 Oldworth 
 Jamie Hooper / Steph Watson 
[e-mail]             www.buchanan.uk.com 
 

Notes to Editors

Watkin Jones is a leading UK developer and constructor of multi occupancy property assets, with a focus on the student accommodation sector. The Group has strong relationships with institutional investors, and a good reputation for successful, on-time-delivery of high quality developments. 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. In addition, Watkin Jones has been responsible for over 50 residential developments, ranging from starter homes to executive housing and apartments.

The Group's competitive advantage lies in its experienced management team and 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. Key components of the business model are:

-- Site identification - extensive experience of site identification and acquisition facilitates high quality sites being acquired;

-- Planning consents - in depth knowledge and experience of the planning consent process specific to this type of asset facilitates high success rates on planning applications;

-- In-house construction and delivery - in-house construction expertise, management and delivery limits reliance on third parties and, together with favourable contractual relationships with key suppliers, enhances control of cost;

-- Funding structure - forward sale model reduces risk for Watkin Jones and provides security and visibility of the asset pipeline for investors. The Group has strong relationships with blue chip investors, including a number that are repeat investors in Watkin Jones developments; and

-- Asset management - dedicated property management division provides a continued service solution to investors post development completion and completes the 'end to end' business model.

This information is provided by RNS

The company news service from the London Stock Exchange

END

APPSFUFMUFWSEEI

(END) Dow Jones Newswires

May 19, 2017 13:00 ET (17:00 GMT)