Watkin Jones and Maslow Capital partner on Glasgow PBSA project

UK rental property developer Watkin Jones has partnered with real estate finance provider Maslow Capital for their first joint venture. 

The Ard, Glasgow

They will build a 784-bed student accommodation complex in Glasgow, called "The Ard," with an estimated value of £182 mln (€208 mln). 
This development will offer a variety of room types, be conveniently located near Glasgow's universities, and aim for high sustainability standards, including BREEAM Very Good, EPC B, and WiredScore Silver ratings.
The Ard is ideally located between Glasgow city centre and the West End and is under 10 minutes by public transport to both the University of Glasgow and the University of Strathclyde.
George Dyer, Group investment director at Watkin Jones, said:  “This exciting new partnership with Maslow Capital reflects the strength of our proposition to institutional capital, leveraging the depth and quality of our purpose-built student accommodation offering in the UK. The fundamentals underpinning UK student accommodation remain compelling, with robust demand and supportive demographics. We are excited to collaborate on this standout project, which will deliver a high-quality sustainable development in a prime university location.”
Rachael Gordon, head of Deal Execution (UK & Europe) at Maslow Capital, commented: “Student accommodation continues to demonstrate resilient fundamentals, with strong demand across key UK cities outpacing available supply. Glasgow is a prime example of this imbalance, making it a highly attractive market for investment. We are pleased to support Watkin Jones with funding  that will deliver much-needed capacity in one of the country’s leading student centres.”
Sky Mapson, senior director, Origination at Maslow Capital, added: “Maslow Capital has a longstanding record of partnering with top developers across the living sector to deliver placemaking schemes. In Watkin Jones we see a sponsor with clear delivery discipline and operational know-how. Our role is to provide certainty of funding  so the team can focus on execution and timely delivery for Glasgow’s students.”