Coleg Menai achievers awards

Watkin Jones are proud to support local colleges. Managing Director, Geraint Morgan presented the Coleg Menai achievers award.

The photo below shows Geraint with the winner Jake Davies, Congratulations!!

Bridge Street Cardiff

Take a look at the final pictures taken from our crane before it was dismantled at the weekend. Due to complete August 2018 its well on its way to being completed.

Well Done to all involved!!

Cheque presentation – Belong Ltd

Yesterday we were delighted to present Belong Ltd with a cheque for £750.00 as part of Watkin Jones’ Community Fund.

Belong Ltd are a charity who run an activity and learning centre for vulnerable adults.

They will use this donation to purchase a laptop ad projector for educational workshops.

Below we have Jack Dean, Gary Monaghan and Mike Flynn presenting the cheque at the Centre.

Bridge Street, Cardiff . .

One more floor to install of the UCW system, BMU is now up and running!

Excellent progress from the team in Cardiff!

Watkin Jones Group Interim Results

We have announced our interim results this morning for the 6 months ending 31st March 2018 and have reported strong growth in revenue and profits.

 

Financial highlights being – revenue up 18.4% to £158.3M (H1FY17 £133.7M). Gross margin maintained at 21.8%. Profit before tax up by 11.9% to £23.6M (H1FY17 £21.1M). Net cash up by 328% to £38.4M (H1FY17 £11.7M). Interim dividend up by 12.3% to 2.47 pence per share.

 

Our student pipeline remains strong and the board are exploring opportunities to accelerate growth in the Build to Rent market.

CEO Succession

We are delighted to announce that we have appointed Richard Simpson to succeed Mark Watkin Jones, as CEO. Richard will be joining us on 2nd January 2019, from Unite Group plc, the FTSE 250 developer and manager of purpose built student accommodation, where he was Group Property Director. He is well known to the Watkin Jones Board having worked closely with the business on several occasions.

 

Richard, has significant experience in the student accommodation market having joined Unite 2005.  During his time at Unite, Richard held a number of senior roles and, in January 2012, he was appointed to the main board as an Executive Director.  Richard’s most recent role at Unite was as the Group’s Property Director, where Richard was responsible for all aspects of Unite’s property portfolio, co-investment vehicles and overall growth strategy.  Richard’s track record and experience in the sector will be invaluable to the Group as it continues to grow and deliver shareholder returns.

 

Mark Watkin Jones said “I am delighted that Richard is joining us and I strongly believe I am handing over stewardship of Watkin Jones to the right candidate as the Group enters the next phase of its growth. I remain committed to providing ongoing support to the Group as CEO for as long as is needed, and upon Richard’s formal start date, to work with him during a transitional period to ensure an orderly handover. It is a true testament to everyone in the business that we have been able to attract someone of Richard’s calibre to lead us into the future and is a reflection of the great business we are all part of”

Queen Street, Belfast

Swanston House, Queen Street Belfast is a purpose built student residence development which occupies the site of a former linen mill and the project has involved the retention of the historic façade. The scheme comprises of 317 purpose built bed spaces delivered in collaboration with our joint venture partner Lacuna Developments and external contractor O’Hare and McGovern. The scheme will be completed for occupation in the 2018 academic year. The accommodation is a mixture of cluster bedrooms and studios located in a 7 storey low rise section and a 13 storey tower.

Topping Out ceremony – Bridge Street, Cardiff

Our Chief Executive, Mark Watkin Jones, on the roof of our Bridge Street development, 26 storeys up, the tallest building in Cardiff (with the Millennium Stadium in the background!) congratulating Richard Ingram, our Project Manager, on meeting this fantastic milestone!