Student accommodation job will reach 36 storeys

Watkin Jones has agreed a £182m forward sale of a 36-storey student accommodation scheme to a joint venture it has set up with an investor.

The firm has announced the sale of The Ard to the newly created JV, which is 95% owned by financier Maslow Capital and 5% owned by the student housing and build-to-rent specialist.

The Ard, which received planning last year, will provide 784 purpose-built student accommodation beds in Glasgow. When complete the development will be the largest residential building in Scotland.

the ard watkin

The scheme will include nearly 800 beds for students

The development will see the regeneration of Portcullis House, a brownfield site at Charing Cross.

Construction will involve partial retention of the old HMRC building on India Street.

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