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Watkin Jones boosts student housing pipeline despite disruption

The student accommodation sector has suffered as a result of a reduction in occupancy rates
Watkin Jones boosts student housing pipeline despite disruption
  • Further capital committed to student accommodation pipeline, despite revenue hit from leased assets
  • Adjusted operating profits for 2020 in line with consensus
IC TIP: Buy at 134p

Student property occupancy rates may have taken a hit following the pandemic, but Watkin Jones (WJG) has continued to commit capital to the market in recent months. The development specialist boosted the number of beds in its development pipeline by almost a fifth during the six months to September. 

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