189-bed Brighton Scheme Gains Approval
14th Dec 2017
Planning permission has been granted for two student accommodation developments in Aberdeen, which when complete will provide a total of 817 beds.
Watkin Jones has received approval for its redevelopment of Pittodrie Street, located close to Aberdeen University and Caledon House situated opposite Robert Gordon University.
Designs for the Pittodrie Street development were provided by Manson Architects and call for development of a 618-bed student housing scheme, which is due for completion in the summer of 2019.
Meanwhile Caledon House by ICA will provide an additional 199 student beds once complete. Consisting of 147 en-suite clusters and 52 self-contained studios the building is due for completion in time for the 2018-19 academic year.
Watkin Jones also recently reported its maiden annual results as a listed company, with both turnover and profit up year-on-year.
Turnover for the 12 months ending September 2016 rose 9% to £267m, whilst operating profit before the cost of floating on AIM was recorded at £37.9, an increase of 16% on the previous year.
The group listed on the Alternative Investment Market (AIM) in March last year and currently have a further 2,500 student bed spaces either at pre-application or application stage.
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