Watkin Jones practically completes on 335-bed PBSA scheme in Bath

Watkin Jones practically completes on 335-bed PBSA scheme in Bath

Watkin Jones, the UK’s leading developer and manager of residential for rent, is pleased to announce that the Group recently practically completed on a 335-bed purpose-built student accommodation (‘PBSA’) scheme called The Brook, situated in Lower Bristol Road in Bath.

This milestone marks the completion of the final development in a portfolio of three PBSA schemes located in Swansea, Nottingham, and Bath. These schemes were sold by Watkin Jones to EQT Exeter in 2022 as part of a larger transaction, which represented EQT Exeter’s first venture into the UK PBSA market.

Part of a major mixed-use project, The Brook is a two-building development that has 215 cluster flats and 120 studios which are now ready for incoming students for the 2024/25 academic year. The scheme will be managed by Fresh, the Group’s specialist accommodation management business.

The scheme offers 335 sq m of indoor and outdoor amenity space, featuring a private courtyard and gardens.  Located within a 15-minute walk from the historic city centre, The Brook provides excellent sustainable transport options, including the nearby National Route Four cycling route, local buses, and Bath Spa train station.

Built on a former car park, the development will help address Bath’s growing demand for student accommodation.  The University of Bath, a top 10 UK university, remains a prime destination for higher education students and accommodation in the city is stretched across both PBSA and build-to-rent (‘BTR’).

The Brook is designed with sustainability in mind, delivering a BREEAM ‘Excellent’ rating. Offering a WiredScore Platinum rating, the development ensures a top-tier living experience delivered through technology-enabled amenities.  Furthermore, 170 secure cycle parking spaces are available for student use.

Richard Harris, Managing Director – Group Delivery at Watkin Jones, said: “This is another milestone for Watkin Jones, and we are proud to hand over the keys to The Brook in time for the 2024/25 academic year.

“We have worked closely with EQT Exeter on this project to strengthen the availability of much-needed student accommodation in Bath, a city renowned for its excellent higher education, attracting both domestic and international students. Fresh will manage The Brook, ensuring it meets the very highest standards for student living and wellbeing.

“Watkin Jones remains committed to investing in the South West, to consistently delivering high-quality, sustainable student accommodation that provides a comfortable home for students.”

Sam Scott, Managing Director at Fresh, added: ‘We are thrilled to manage The Brook, a development that perfectly aligns with our commitment to creating vibrant, sustainable communities.  At Fresh, we understand the importance of providing students with not just a place to live, but a space where they can thrive. With its modern amenities and focus on wellbeing, The Brook is set to become a standout residence in Bath, offering an exceptional student experience from day one.”

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BDC 319 : Aug 2024