Bath build-to-rent scheme reaches milestone

The developers of a build-to-rent scheme in Bath have completed the topping out of the property. Watkin Jones, which behind the 316-bed Bath Junction development on Lower Bristol Road, said the concrete framework is now complete.

The two-building development is part of a mixed-use scheme and is being forwarded funded by global asset manager DWS. There will be a mix of studios, one-, two- and three-bedroom homes (including accessible homes), and one in three homes will be provided at a discounted rental rate.

Bath Junction is also targeting high sustainability standards, including A BREEAM ‘Very Good’ rating for the commercial element. Key sustainability features include air source heat pumps, the provision of electric vehicle chargers and car club spaces. Emission reduction will be achieved through renewable resources including water saving fittings, Watkins Jones said.

It is the largest purpose-built build-to-rent development in Bath and will have outdoor amenity space; a landscaped communal courtyard gardens; and a frontage of newly planted trees.

Richard Harris, managing director – group delivery, Watkin Jones, said: “This is our second development working in partnership with DWS, and we are very pleased to reach this milestone, as we continue together, to offer much needed rental homes in Bath. Together we are working to create sustainable homes for a range of people to live in that will help meet the growing rental demand in the city.”

Hugo Vere, lead portfolio manager, DWS, added: “DWS is pleased to be working to deliver high quality and much needed rental accommodation for Bath in particular the provision of 95 discounted rental units. With the addition of Bath Junction DWS’ UK&I portfolio of living assets will exceed 30 schemes with over 6500 units, managed on behalf of a range of international institutional investors and forming part of DWS’ broader European portfolio of living assets.”