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14/08/2017

More Than 300 New Homes To Be Built In Leicester

More than 300 new homes are to be built in Leicester.

Watkin Jones has secured planning consent to deliver a new 322-unit Build to Rent (BTR) development at Bath Lane.

With work scheduled to start on site next year, features include 174-one bedroom units, 137 two-bed units and 11-three bed units. Phased completion is anticipated during 2019/20.

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Mark Watkin Jones, Chief Executive Officer of Watkin Jones, said: "We are delighted to announce the further progression of our BTR business. Our plan to sustainably grow this exciting element of the Group continues and we are pleased to see that opportunities from within the development pipeline are moving forward. We believe the BTR business will continue to drive growth, alongside our student accommodation business, as well as providing excellent visibility of earnings and cash flow."

The developer currently has six BTR schemes targeted for delivery between 2019 - 2021, with a number of planning applications and other site acquisition opportunities in negotiation.

(LM/MH)

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