Buchanan advises Watkin Jones on IPO

Construction company Watkin Jones has appointed Buchanan to advise the group on its AIM IPO, which is the largest AIM IPO fundraising this year, and its ongoing financial communications needs.

Watkin Jones, which focuses on developments in the student accommodation sector, joins the AIM market today and has successfully raised some £131.3 million since March 11 when it announced its intention to float.

Partner Henry Harrison-Topham leads the team with support from chairman Richard Oldworth, associate director Helen Chan and account manager Stephanie Watson.

Harrison-Topham said: “We are delighted to be supporting Watkin Jones and it is a great addition to our real estate and construction practice.

“With a market leading position in the UK PBSA [Purpose Built Student Accommodation] market and a desire to expand the Group’s business further into the private rented sector, Watkin Jones has a compelling investment message that has connected well with investors. We will continue to work closely with the management team in delivering shareholder value.”