August 30, 2017 / 6:26 AM / in 4 months

BRIEF-Watkin Jones announces completion of forward sale and development agreement for two developments

Aug 30 (Reuters) - WATKIN JONES PLC:

* HAS FORWARD SOLD A DEVELOPMENT OF 354 BEDS ON LITTLE PATRICK STREET IN BELFAST

* COMPLETED A DEVELOPMENT AGREEMENT TO DELIVER 972 BEDS ON HOLLIS CROFT SCHEME IN SHEFFIELD TO SAME INSTITUTIONAL INVESTOR

* CONSIDERATION PAYABLE TO WATKIN JONES PLC OVER COURSE OF DEVELOPMENTS IS CIRCA £90 MILLION, NET OF CLIENT FUNDING COSTS

* BOTH DEVELOPMENTS ARE DUE FOR COMPLETION FOR SUMMER OF 2019 Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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