Developer and manager of residential for rent homes – Watkin Jones – practically completes on a 133 bed co-living scheme on Gladstone Road in Exeter, on the former ambulance station. The forward-funded scheme was sold to Ropemaker Properties Limited – the real estate arm of BP’s pension fund – for c. £16.9m.
Ready to welcome residents now, the Gladstone Road scheme includes 133 studio homes. With an emphasis on community living, amenities include a gym, laundry facilities, co-working space, a shared co- living kitchen, cinema room, TV lounge, external courtyard and a games area. The scheme will be managed by Watkin Jones’ residential for rent manager, Fresh.
Supporting Watkin Jones’ ESG strategy, the Gladstone Road development incorporates cutting edge technology and engineering to target reduced emissions, and help achieve the Group’s sustainability objectives, achieving a BREEAM “Very Good” rating.
Air source heat pumps for the central heating and hot water system substantially reduces the carbon footprint of the scheme, which also includes a large amount of indoor and outdoor bicycle storage, promoting sustainable transport.
“We are thrilled to practically complete Gladstone Road and hand this scheme over to our client, Ropemaker Properties Limited. Residents can move in now, and we are proud to deliver high quality homes that encourage an inclusive community environment. This is a great development that brings sustainable and affordable homes to Exeter.”Richard Harris, Group Delivery, Managing Director, Watkin Jones
Gladstone Road is ideal for young professionals. The scheme offers quick walking and easy bus access to the city centre – as well as the local independent shops of Magdalen Road. The scheme is close to the city’s hospitals and received backing from the local NHS ambulance trust to potentially offer homes to NHS staff.