Watkin Jones Regulatory News (WJG)

Watkin Jones plc

('Watkin Jones' or the 'Group')

Development Partnership for 294-unit hotel in Wimbledon

Watkin Jones, the UK's leading developer and manager of residential properties for rent, is pleased to announce it has agreed a development partnership with Latium Enterprises to deliver a 294-unit hotel in the centre of Wimbledon.

The development will transform a former brownfield site on Worple Road, Wimbledon, enhancing the local neighbourhood with a number of amenities. The completed 11 storey hotel will provide a range of guest accommodation with thoughtfully designed spaces including a club lounge, gym, co-working space and café.

Watkin Jones is targeting BREEAM Excellent certification for the scheme, underlining our commitment to delivering sustainable developments that meet the highest environmental standards.

Over the course of the project, which is due to be delivered in summer 2028, the development is expected to generate revenue of approximately £40 million for Watkin Jones at margins consistent with guidance.

This is the second development partnership that Watkin Jones has entered into with Latium Enterprises, following the scheme in New Kent Road, London, announced in January 2025.

Alex Pease, Chief Executive Officer of Watkin Jones, commented: 

"We are delighted to announce this scheme, our second with Latium Enterprises in the year, to deliver exceptional accommodation alongside well-conceived living spaces and amenities for residents. This development partnership continues to showcase our market-leading capability in delivering high quality accommodation projects. It also demonstrates our ability to collaborate with partners where we can leverage our skills, experience agile approach, whilst delivering against our strategy to diversify our revenue streams and continue to build a resilient business."

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Notes to Editors

Watkin Jones is the UK's leading developer and manager of residential for rent, with a focus on the build to rent, student accommodation and affordable housing sectors. The Group has strong relationships with institutional investors, and a reputation for successful, on-time-delivery of high-quality developments. Since 1999, Watkin Jones has delivered over 51,000 student beds across 150 sites, making it a key player and leader in the UK purpose-built student accommodation market, and is increasingly expanding its operations into the build to rent sector, where it has delivered 3,400 apartments across 19 schemes to date. In addition, Fresh, the Group's specialist accommodation management business, manages c.21,000 student beds and build to rent apartments on behalf of its institutional clients. Watkin Jones has also been responsible for over 80 residential developments, ranging from starter homes to executive housing and apartments.

The Group's competitive advantage lies in its experienced management team and capital-light 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.

Watkin Jones was admitted to trading on AIM in March 2016 with the ticker WJG.L. For additional information please visit www.watkinjonesplc.com.